Big Tech’s FAANGs Leading the Market Higher

Big Tech’s FAANGs Leading the Market Higher

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.

 

 

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.