KING: Stocks are up right now, building on yesterday's market momentum. Our chief business correspondent, Christine Romans, explains what's behind this rally.</s>CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: John, while the real economy has cratered, the stock market is now looking ahead to a quick recovery. JPMorgan Chase CEO Jamie Dimon sees a good chance for a rapid recovery in the third and fourth quarters, but the unemployment rate dropping below 10 percent by the end of the year. He credits trillions of dollars in stimulus from the Fed and Congress and strong consumer spending heading into the shutdown. Optimism this week has been helped by new vaccine developments. And the slow reopening is boosting investor and consumer confidence again. And tech stocks, they have been impervious to the recession all along. Look at these gains in so-called FAANG stocks, Facebook, Amazon, Apple, Netflix, Google. Facebook, Netflix and Amazon have all hit record highs in recent days. Apple and Google owner, Alphabet, aren't far behind. We have seen Amazon benefitting from millions of people shopping online for everything from groceries to computers to keep their home operations running. People are binging their favorite shows on Netflix. Even Apple, Apple, which had supply chain issues at the start of the pandemic, it saw its revenue inch up in the latest quarter. Deep-pocketed tech companies are thriving here as the overall economy is nearly on life support -- John?</s>KING: Christine Romans, thanks very much. Don't forget, for the latest stock market news and strategy for your portfolio, check out "MARKETS NOW." It streams live, 12:45 p.m. Eastern only at CNN Business. Coming up for us, the family of a black man who died while in police custody says firing those officers is not enough.
Big-Tech Stocks Surge to Near-Record High