Showbiz Stocks In 2020: Tech Tops, Cinema Flops Amid Covid Crash & Streaming Dash

deadline.com:

A word for stocks in 2020: epic — as in monumental, as a bona fide crash in the spring alternated thereafter with convulsions of angst and optimism reflecting a world turned upside down by the first global pandemic in a century.Major indexes from the Dow Jones to the Nasdaq, S&P 500 and Russell 3000 ended the year at or near highs, as did some media and most tech stocks — a remarkable recovery from a March trough that saw several of the DJIA’s worst point drops ever.

Investors rode 2020 on businesses that could grow even when economic activity stopped flat. They poured into newly dubbed “stay-at-home stocks” such as Amazon, Netflix, Peloton and Zoom, dumping movie theaters, theme parks, airlines and cruise lines.