Wall Street bets on a Big Tech rebound

Apple, Amazon and Google's valuations don't seem to be discounting risk of a sustained recession. "Big Tech's financial strength and the rise in digital demand caused by social distancing leaves it better prepared than many to weather this storm. But it is not immune, and quarterly earnings calls over the next two weeks will give the first indication of how deeply tech leaders believe their businesses will be affected." Richard Waters, writing in the Financial Times, reports.