soaring

Top-Ranked Technology ETFs Soaring to All-Time Highs

The technology sector is booming and at the heart of the current market rally. It has shown strong resilience in one of the worst economic environments that the United States has ever seen.

Most of the strength is being driven by the biggest names in the sector like Facebook FB, Apple AAPL, Amazon AMZN and Microsoft MSFT thanks to the shift in consumer habits to a purely digital world with work, entertainment and shopping from home. In fact, the combined market value of the four companies is now close to $5 trillion, with Apple claiming the top spot at nearly $1.5 trillion. Only Facebook out of the four has a market cap below $1 trillion (read: Take a Bite of the Red-Hot Apple Stock With These Tech ETFs).

These big tech stocks propelled the broader stock market, especially the tech-heavy Nasdaq Composite Index, which has crossed the 10,000 milestone for

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Black Americans talk of pain, uncertainty with soaring jobless rates due to COVID-19

Victor Patterson, a human resources executive who moved from Chicago to Atlanta, thought his six-month job search had ended, but then the coronavirus pandemic hit.

“I was positioned to receive a job offer in late February/early March,” he said. “As the virus anchored itself in America, the position was postponed or put on hold with projected ‘new’ dates when an offer and hire date would occur. At this point, it has not materialized.”

Patterson, 51, is not alone.

Victor Patterson (Courtesy Victor Patterson)
Victor Patterson (Courtesy Victor Patterson)

More than 43 million Americans have filed for unemployment benefits, according to government figures, and African Americans are disproportionately affected by the sudden economic collapse.

There are more people searching for fewer jobs. “The talent pool has increased and this adds another challenge for candidates who were looking prior to COVID-19,” Patterson said, referring to the disease caused by the coronavirus.

According to statistics from the Department

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