The FAANGs Added $185 Billion in Market Value Today - Barron's
Wednesday was one of the market’s best days in a decade. The Dow Jones Industrial Average soared nearly 1,100 points, or 5%, and the Nasdaq Composite was up 5.8%. The infamous FAANG stocks—Facebook (FB), Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX), and Google-parent Alphabet (GOOGL)—set the tempo. Amazon finished up a whopping 9.5%, adding $62.1 billion in market value. U.S. online spending this holiday season rose 19% over last year, with a bulk of that growth thanks to Amazon.
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