How Facebook, Apple, Amazon, Netflix, Google shares fared last week and what may be in store ahead

In the previous week Nasdaq index gained 2.34%, outperforming the Dow Jones and the S&P 500. The big tech names were again aiding this up move as investors flocked on the FAANG stocks, most of which ended in the green. So far this year, shares of companies such as Facebook, Apple, Amazon, Netflix, and Google — collectively known as FAANG — have gained on an average 50% while the NASDAQ index is up 40% since January.

Facebook stock surged 1.1% during the previous week. Although the stock is down so far this month, the gains recorded in the previous week come as a surprise as Mark Zuckerberg’s company continues to face headwinds in the form of antitrust lawsuits filed against the company by the Federal Trade Commission and the states. Analysts believe that the stock may not be adversely affected by the litigation.