Coronavirus isn’t stopping the rich from getting even richer on Wall Street

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Since the U.S. stock market peaked on Feb. 19, the five stocks with the largest market caps have nonetheless beaten the market. The stock market is becoming split between a few large firms that are wildly profitable and everything else. Far from indicating that the stock market has become top-heavy and overvalued, the dominance of the largest stocks is a symptom of a much more profound and longer-term shift: The stock market is becoming split between a few large firms that are wildly profitable and everything else.

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