The New York Entrepreneur

Market Snapshot: Megacap tech stocks out of control? Big Tech still has the power to extend the rally and weather an economic storm, analysts say.

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Megacap technology stocks have dominated the U.S. stock market performance this year, powering the Nasdaq Composite to a new nine-month high this week as investors have loaded up on them in a “safe-haven play” on concerns over a potential recession, a federal debt-ceiling breach and more stress in regional banks.

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