FANG stock scorecard; Microsoft & McDonald's comebacks; Apple's long-range charger
Stocks (^DJI, ^GSPC, ^IXIC) are getting a boost from a surprise move by the Bank of Japan to adopt a negative interest rate policy, rising oil prices, and a solid manufacturing report from the Chicago region. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange to discuss the markets.
To discuss some of the other stories Yahoo Finance is keeping an eye on today, Alexis Christoforous is joined by Yahoo Finance Editor-in-Chief Andy Serwer and Carol Pepper of Pepper International.
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Taking a bite out of FANG stocks
Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google-Alphabet (GOOGL) led stocks in 2015, but they're faltering a bit in 2016. Notwithstanding Facebook's gangbuster rise after its earnings beat, the FANG index is underperforming the S&P 500 after Amazon's disappointing earnings release yesterday.
The changing face of Microsoft
An old-line tech company is showing some new life under relatively new management. Microsoft (MSFT) shares are jumping on better-than-expected quarterly results. Microsoft is getting a boost from rising demand from businesses for its cloud service.
Apple channels Nikola Tesla
At the turn of the 20th century, inventor Nikola Tesla tried to come up with a way to provide electricity without wires. Now Apple (AAPL) is apparently trying to do the same thing! Bloomberg reports Apple is working with partners to create a device that can charge iPhones and iPads from afar.