Below is a chart showing the S&P 500’s price return year-to-date and the impact that the five FAANG (FB, AAPL, AMZN, NFLX, GOOGL) stocks have had. While Facebook’s horrific reaction to earnings and the worst day in the stock’s history had a negative market impact, the overall performance of the market YTD has been supported by the group. While they’re only a 13.6% weight in the S&P 500’s market cap, they’re driving the market up to the tune of almost half of its YTD gains. Impressive stuff for 5 stocks on their own, even in spite of Facebook’s brutal collapse.

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