Big Tech’s FAANGs Leading the Market Higher
$FB, $AAPL, $AMZN, $NFLX, $GOOG
- The FAANG stocks have set another record.
As earnings season comes to a close, the big technology stocks are making up a bigger piece of the action than ever before.
The FAANG block of Facebook Inc.(NASDAQ:FB), Amazon.com Inc.(NASDAQ:AMZN), Apple Inc.(NASDAQ:AAPL), Netflix Inc. (NASDAQ:NFLX) and Google (NASDAQ:GOOG) now account for over 27% of the NAS Comp, an all-time high.
Friday’s big tech spike comes on the back of Apple’s better-than-expected earnings plus news of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) recent purchase of shares in the iPhone maker.
Have a terrific weekend.