Supercharged Tech Stock Revival Fuels the S&P and Dow

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By CCN: U.S. equities still have some runway left for gains, and tech is leading the way. Facebook, Amazon, Netflix, and Google’s parent company Alphabet – otherwise known as FANG stocks – are the cat’s meow once again. After shunning the FANG stocks in Q4 2018, investors welcomed the tech leaders back with open arms in Q1 2019, bolstering the market caps of these companies and fueling gains in the S&P 500.

Now it seems that the party in FANG stocks will continue throughout the second quarter. Even though the Dow doesn’t include any of the FANG stocks, it does consider Microsoft and Apple among its components, which positions it to benefit from the ongoing rally in tech.

The S&P 500 index has advanced 14% year-to-date, thanks in large part to FANG stocks. These tech