The five heavyweight stocks also powered the Nasdaq Composite (.IXIC) to a record high and helped the broader S&P 500 (.SPX) shrug off concerns over tariffs between the United States and China. Trade war worries have limited the benchmark S&P 500’s gain to about 3.5 percent this year, but the FAANG group, whose businesses are largely immune to trade and tariffs, has surged 10 times in this period. “We’re seeing a big question mark over global trade … and whenever you see the market get in trouble, it’s always important to look for leadership and isolate strength,” said …read more
Source:: Yahoo Finance
