U.S. stocks closed higher on Wednesday despite the grim situation, with the Nasdaq at a record close. Technology stocks led the rally, with Apple hitting a record high.
Some industry insiders have said frankly that investors' stocks seem to need to make adjustments when the number of coronavirus cases increases. The U.S. has taken a step back in reopening its economy, and all of these technology and shareware companies are finding demand high.
Technology led the market, with Apple closing 2.3 percent higher, hitting a record close. Technology giants such as Microsoft and Amazon also closed record highs. With the popularity of technology stocks, the global rich list has also changed significantly.
Six of the world's seven richest people come from technology, including Jeff, who ranks first
Mr. Ballmer's wealth growth is due to the fact that he has retained about 4% of Microsoft's equity since he left the Microsoft board in 2014. Since then, the share price of the software company has nearly quadrupled, increasing his wealth to $76.5 billion. Ballmer declined to comment on his Microsoft stake.
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