FAANGs trade mixed, VIX continues to decline
The S&P 500 is down 0.1% while the Nasdaq clings onto a fractional gain. Looking at the FAANG stocks shows mixed results. Apple (AAPL 127.21, +1.10, +0.9%) and Netflix (NFLX 489.87, +2.60, +0.5%) are trading higher, while Facebook (FB 330.02, -2.44, -0.7%), Amazon (AMZN 3344.50, -5.15, -0.2%), and Alphabet (GOOG 2511.88, -9.72, -0.4%) trade lower. Interestingly, the CBOE Volatility Index is down 3.4% to 15.55, suggesting investors are less interested in hedging against potential equity weakness. The VIX is flirting with its lowest levels since before the start of the pandemic.