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Fang+ index enjoys best day ever as tech stocks rebound

Fang+ index enjoys best day ever as tech stocks rebound


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The FANG+ Index was up 10% yesterday, enjoying its best day ever as tech stocks rebounded following a promise of Chinese intervention, with investors also processing the US Federal Reserve rate hike. The index features the traditional FAANG stocks, Meta Platforms Inc (NASDAQ:FB), formerly Facebook, Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), Netflix Inc (NASDAQ:NFLX) and Alphabet Inc (NASDAQ:GOOG), the parent company to Google.

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