Facebook, Amazon, Netflix and Google parent Alphabet added a quarter-trillion in market value last week The FANG trade hasn’t lost its bite.
Big technology stocks are again charging to new heights and propelling the broader stock market, which is swiftly rebounding after a punishing selloff.
The NYSE FANG+ index—which comprises Facebook Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc., along with Apple Inc., Twitter Inc., Tesla Inc., Nvidia Corp.
and the Chinese behemoths Alibaba Group Holding Ltd. and Baidu Inc.—is up 11% year-to-date after a dramatic rally last week.