Apple bounces back swiftly from yesterday's softness
The S&P 500 is up 1.6% to trade at fresh session highs. Looking at the FAANG stocks shows Apple (AAPL 143.38, +2.46, +1.8%) bouncing back from yesterday's chip-shortage-related decline, but Alphabet (GOOG 2824.42, +66.42, +2.4%) is outperforming the bunch with a 2.4% gain. Netflix (NFLX 633.38, +3.62, +0.6%) is the relative underperformer. The CBOE Volatility Index is down 6.3% to 17.46 as hedging interest continues to wane with the bullish-minded price action.