What a day for the FAANG stocks
The S&P 500 is trading near session lows with a 0.5% decline. The Nasdaq is up just 0.2%.The action remains in the FAANG stocks. Facebook (FB 254.44, +19.94, +8.5%), Apple (AAPL 409.67, +24.96, +6.5%), and Amazon (AMZN 3174.96, +123.11, +4.0%) are having incredible days after earnings, while Alphabet (GOOG 1466.96, -64.59, -4.2%) continues to trade sharply lower after earnings. Netflix (NFLX 488.18, +2.38) is up 0.5%.It's worth mentioning that Apple also announced a 4:1 stock split, and Facebook recently announced it will launch music videos in the U.S. starting Aug. 1 after striking deals with numerous music companies.