SAN FRANCISCO (Reuters) – The so-called FANG stocks take center stage on Wall Street this week, with Amazon (AMZN.O), Alphabet (GOOGL.O) and Facebook (FB.O) set to report as the S&P 500 approaches a record high.
FILE PHOTO: An attendee takes a photograph of a sign during Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam/File Photo
The group of high-growth stocks that supercharged the S&P 500’s decade-long rally in recent years has had mixed results in 2019, with Facebook and Amazon dramatically outperforming the broader market, while Netflix (NFLX.O) and Google-owner Alphabet have lagged.
Facebook reports on Wednesday after the bell, with Amazon and Alphabet on Thursday, all together accounting for 9% of the S&P 500’s stock market value. Overall, companies reporting this week account for about 30% of the S&P 500’s value.
Investors’ reactions to those reports could affect broader market sentiment as the S&P 500…