A Trader Joe's grocery store employee takes in a shipment of food as the line to get in the store stretches down a city block on 14th Street and U Street in Washington. Covid-19 may have knocked US stocks into a bear market and pummelled the US economy, but the disease has also left some companies asking the question: 'What recession?' — AP
NEW YORK: Covid-19 may have knocked US stocks into a bear market and pummelled the US economy, but the disease has also left some companies asking the question: "What recession?”
Streaming media services, video game makers, and consumer staples companies have all gained ground as people stay home, try to stay entertained and focus on essentials. Netflix, already the top streaming entertainment service, has benefited from a mostly captive audience and its shares are up about 30% in 2020.
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