The comparison couldn’t be much skinnier. The identical day as the Department of Commerce reported that a massive drop in gross domestic product last quarter, a bevy of Enormous Tech firms reported earnings, plus they mostly failed to sue. The U.S. GDP fell at a seasonally adjusted 32.9% in the next quarter, as enormous areas of the market came to a sudden stop. Meanwhile, trillion-dollar Silicon Valley companies declared stock divides and surprise multibillion-dollar gains. The Dow Jones Industrial Average dropped 225 points, or 0.9%, to finish at 26,313. Apple announces a 4-for-1 stock split. Apple (ticker: AAPL) reported earnings on Thursday and also dropped a bombshell announcement that shares would soon undergo a 4-for-1 stock split; each share that investors own as of Aug. 24 will convert to four shares, which will trade for one-fourth the previous price. Trading will begin on a split-adjusted basis on Aug. 31.XNAS: AAPL | 4:00:00 PM380.16price (usd)Data as of 4:00:00 PM on 7/30/2020While stock splits don’t have a fundamental impact on the business, which is still worth the same amount, it does make the stock more psychologically attractive, especially for smaller investors. Apple stock traded for more than $380 the close Thursday, meaning if stocks were to tread water for a bit, Apple stock would shortly be trading for less $100 per share again. This is the fifth stock divide in company history, with the last one being a 7-for-1 split in 2014. When this new split is completed, anyone who owned one share of Apple before June 1987 will soon control 192 shares.Amazon posts blowout quarter. In a quarter so good even CEO Jeff Bezos didn’t expect it, Amazon.com (AMZN) reported a 40% jump in revenue in the second quarter, far surpassing the range of 18% into 28% growth the company guided for in its last earnings report. XNAS: AMZN | 4:00:00 PM3033.53price (usd)Information at 4:00:00 PM on 7/30/2020Sales of $88.9 billion and earnings per share of $10.30 absolutely destroyed exactly the $81.45 billion and $1.48 analysts were expecting in earnings and EPS, respectively.