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The Nasdaq 100 (NDX) jumped another 3.5% this week, increasing 2020 gains to 32.3%. Amazon (AMZN) gained 4.3% during the week, boosting y-t-d gains to 77.8% - and market capitalization to $1.626 TN. Apple (AAPL) surged 8.2% this week, increasing 2020 gains to 69.4%. Apple's market capitalization ended the week at a world-beating $2.127 TN. Microsoft (MSFT) rose 2.0% (up 35.1% y-t-d, mkt cap $1.612 TN). Google (GOOG) (GOOGL) rose 4.8% (18.2%, $1.073 TN), and Facebook (FB) gained 2.2% (30.1%, $761bn). The NDX now trades with a price-to-earnings ratio of 37.4.