Axar.az
UP
5 December 2019


Facebook, Amazon and Alphabet take center stage on Wall Street

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

The so-called FANG stocks take center stage on Wall Street this week, with Amazon (AMZN.O), Alphabet (GOOGL.O) and Facebook (FB.O) set to report as the S&P 500 approaches a record high.

Axar.az reports citing Reuters.

The group of high-growth stocks that supercharged the S&P 500’s decade-long rally in recent years has had mixed results in 2019, with Facebook and Amazon dramatically outperforming the broader market, while Netflix (NFLX.O) and Google-owner Alphabet have lagged.

Facebook reports on Wednesday after the bell, with Amazon and Alphabet on Thursday, all together accounting for 9% of the S&P 500’s stock market value. Overall, companies reporting this week account for about 30% of the S&P 500’s value.

Investors’ reactions to those reports could affect broader market sentiment as the S&P 500 trades about 1% below its July 12 record high close, with investors widely expecting the Fed to cut interest rates later this month. The benchmark index was up 0.3% on Monday.

Date
2019.07.22 / 23:56
Author
Axar.az
Comments
See also

Xiaomi Mi 5s smartphones banned in Turkey

Russia vows not to block YouTube

Google founders step back from top roles

Huawei employee wrongfully jailed for 251 days

YouTube reportedly bans Tory election adverts

Amazon partnered with Verizon to improve 5G speed

Elon Musk 'pedo guy' defamation trial to begin

TikTok secretly gathers user data, sends it to China

FaceApp is ‘counterintelligence threat’ from Russia

Deadline for UK drone registration approaches

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla