The so-called FANG stocks take center stage on Wall Street this week, with Amazon, Alphabet and Facebook set to report as the S&P 500 approaches a ...
SAN FRANCISCO: The so-called FANG stocks take center stage on Wall Street this week, with Amazon, Alphabet and Facebook set to report as the S&P 500 approaches a record high.
Investors' reactions to those reports could affect broader market sentiment as the S&P 500 trades about 1per cent below its July 12 record high close, with investors widely expecting the Fed to cut interest rates later this month. The benchmark index was up 0.3per cent on Monday. Also reporting this week are chipmakers Intel, Texas Instruments and Xilinx, which will likely give investors fresh information about the impact of the U.S.-China trade war, the pace of 5G growth, and when a downturn in global semiconductor demand may end.Netflix has tumbled 14per cent since Wednesday, when it reported weaker-than-expected subscriber growth.
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