Apple is up 7% this week and became the first publicly traded company.
 | FRI, AUG 21, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 497.48 | +24.38 | +5.15% | | MSFT | 213.02 | -1.56 | -0.73% | | INTC | 49.28 | +0.11 | +0.22% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 497.48 | +24.38 | +5.15% | | GE | 6.31 | +0.04 | +0.64% | | BAC | 24.98 | -0.12 | -0.48% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 497.48 | +24.38 | +5.15% | | AMD | 83.81 | +1.04 | +1.26% | | MSFT | 213.02 | -1.56 | -0.73% | |
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The Apple rally is seemingly unstoppable. Shares in the tech giant outperformed again on Friday, pushing the name to a fresh all-time high. The gain added to Apple's historic move above a $2 trillion valuation and put the stock up more than 67% for 2020. The company also outperformed other major tech-related names this week, rallying more than 6%. Apple has been on fire this year and was key in the S&P 500 busting through its previous record high earlier this week.  However, some worry these lopsided tech gains could be a problem for the market, especially if the group struggles going forward. Peter Berezin, chief global strategist at BCA Research, highlighted in a note five risks to Big Tech moving forward, including "the dismantling of pandemic lockdown measures" as it could "shift some spending from the online realm back to brick-and-mortar stores." He also said tech valuations are now "quite stretched." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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