Big Tech earnings approach under antitrust cloud

Amazon and Apple have surged 74% and 57%, respectively, this year, far outperforming the S&P 500’s 5% gain as the coronavirus pandemic accelerates trends toward online shopping, video streaming and other technologies helping Wall Street’s largest companies take market share from smaller rivals. A scathing report by a House of Representatives panel this month detailing abuses of market power by large tech companies suggests a tough road ahead should Democratic presidential candidate Joe Biden, who is leading in polls, win the Nov. 3 election.

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