Major tech stocks begin to rally

Jamie McKane

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Major tech stocks begin to rally

Major internet stocks soared on Wednesday, in a rally that sets the stage for the group to end a bruising month on a positive note after results from Facebook Inc. helped to calm fears about the high-flying sector’s growth prospects.

The rally was the latest example of heavy day-to-day volatility for the FAANG stocks, a quintet that also includes Amazon.com Inc., Netflix Inc. and Google’s parent Alphabet Inc. All gained at least 3 percent, while Netflix surged 6.3 percent.

[Bloomberg]
 
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