Google Shines, But Other FAANG Stocks Underperformed in 2021
FAANG stocks have been struggling to extend the upside momentum into 2021 as four out of five FAANG components are still struggling to generate positive returns so far this year. Apple (NASDAQ: AAPL) is down 2% year to date while Amazon (NASDAQ: AMZN) and Facebook (NASDAQ: FB) are also in the red since the beginning of this year.
Large Tech Stocks Sets Bullish Tone for NASDAQ Index in 2021
Investor’s strategy of capitalizing on tech stocks selloff is helping in building a new momentum in the NASDAQ index, which is likely to continue for the next few months because the majority of big tech and information technology companies are seeing bright prospects ahead.