Business
Why Facebook and Apple couldn’t lift the Nasdaq Thursday
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Earnings season has hit top gear for the stocks that make up the largest components of the Nasdaq Composite (NASDAQINDEX: ^IXIC). The Nasdaq has been near all-time record highs, but on Thursday, the index pulled back from what appeared to be the beginning of a record run. As of 12:30 p.m. EDT, the Nasdaq was down more than half a percent after having risen early in the session.
Investors still pay a lot of attention to the FAANG stocks, because they have such a large impact on the entire stock market. Today, investors got a chance to react to earnings reports from Facebook (NASDAQ: FB) and Apple (NASDAQ: AAPL), and even a…
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