FAANG stocks trade mixed, hedging interest declines t.co
Stock Market Update
17-Dec-20 12:25 ET
FAANG stocks trade mixed, hedging interest declines
Dow +93.52 at 30248.00, Nasdaq +59.82 at 12717.92, S&P +12.50 at 3713.68
[BRIEFING.COM] The S&P 500 is up 0.3%, and the Nasdaq is up 0.5%.
Looking at the FAANG stocks shows mixed results. Apple (AAPL 128.40, +0.61, +0.5%), Facebook (FB 277.01, +1.34, +0.5%), and Netflix (NFLX 531.43, +6.47, +1.2%) trade in the green, while Alphabet (GOOG 1755.04, -7.95, -0.4%) and Amazon (AMZN 3224.73, -6.23, -0.2%) trade in the red.
The CBOE Volatility Index is down 2.6% to 21.91, as investors continue to reduce their hedging exposure against a sudden downturn in equities. Investor sentiment remains bullish, although technical indicators are suggesting that the market is flirting near overbought territory. |
