TELETRADER News
2/4/2019, 6:36 PM (Source: TeleTrader)
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FAANG stocks rise ahead of Alphabet earnings

Big tech stocks, or the so-called FAANG, traded in the green on Monday ahead of the anticipated Alphabet Inc. earnings set to come out after the closing bell. The tech giant and Google's parent company traded 1.01% higher at 12:33 pm ET. Facebook Inc. added 1.28% at 12:31 pm ET, while Amazon.com Inc. traded 1.01% in the green at 12:32 pm ET. Apple Inc. was 2.50% above the flat line at 12:32 pm ET and Netflix Inc. gained 2.69% at the same time. Microsoft Corporation advanced 2.68% at 12:33 pm ET.

Meanwhile, Slack Technologies Inc. submitted papers for a public listing to the US Securities and Exchange Commission (SEC) earlier today. The public listing is expected after the SEC finishes the review of the documentation.

The Dow Jones Industrial Average was 0.08% in the positive territory at 12:36 pm ET. The Nasdaq 100 increased 0.93% at the same time. The S&P 500 gained 0.26% at 12:37 pm ET. The euro was 0.21% lower compared to the dollar, buying 1.1435 at 12:37 pm ET.

Breaking the News / SS