FAANG stocks higher, Nasdaq gains almost 100 pts

Wednesday, 15. May 2019 18:56

Major tech stocks, also known as FAANG traded with solid gains on Wednesday, pulling the Nasdaq 100 up almost a 100 points or 1.20% at 12:52 pm ET. Facebook Inc. added 2.77% at 12:52 pm ET, while Google's parent company Alphabet Inc. increased by 3.31% at the same time. E-commerce giant Amazon.com Inc. advanced 1.22% at 12:53 pm ET and iPhone maker Apple Inc. was 0.84% in the green at 12:54 pm ET. Netflix Inc. was up 2.75% at 12:54 pm ET. Microsoft Corp. increased by 0.81% at the same time.

Meanwhile, the Dow Jones Industrial Average added 0.48% at 12:55 pm ET after starting the trading session in the negative territory. The stocks recovered after reports that the government in Washington decided to delay imposing further auto tariffs for the next six months. The S&P 500 climbed 0.56% at the 12:55 pm ET.

The euro traded flat against the dollar, to go for 1.1205 at 12:57 pm ET.

Related Links: Microsoft Corp.Alphabet Inc.Netflix Inc.Apple Inc.Amazon.com Inc.Facebook Inc.
Breaking the News / SS