FAANG Stocks Top Performers on S&P 500

By Dale Gillham | Published 18 June 2019

Both the Dow Jones Index and S&P 500 were up 0.47 percent last week led by the Consumer Discretionary and Utilities sectors, which was up 2.32 percent and 1.18 percent respectively.

President Trump is alleging that the stock market will crash if he is not elected next year and that it would have been 10,000 points lower if he had not been elected. While this is interesting political election rhetoric, to be frank no President or Government really controls what unfolds on the Dow Jones Industrial Average or the S&P 500 because the future market outlook on the US stock market is determined by many factors. President Trump has also suggested that interest rate rises have slowed the market and that if this hadn’t occurred it would be trading much higher.  

In this week’s S&P 500 and Dow Jones market update, you will see why the market is continuing to rise and when it will have its next major fall regardless of who is in power. This is because all markets run in cycles, and when it comes to Wall Street, the US markets have lows every four to six years, and much larger lows approximately every 12 years. Given the last major low for both the S&P 500 and the Dow Jones Industrial Average was in 2009, the next low for the S&P 500 will be due roughly around 2021.

When looking at the top 100 stocks in the S&P 500, Facebook was up 4.6 percent late in the week on news it had secured players for its cryptocurrency, while Home Depot was up 4.29 percent on first quarter sales growth. Amazon was also up 3.64 percent.  

The worst performers for the week were Salesforce down 6.69 percent, Netflix down 5.86 percent and Eli Lilly down 5.59 percent.

To top of this week’s stock market report, we take a look at the FAANG stocks, as they continue to be the top performers on the S&P 500 having outperformed the market for the calendar year with Facebook up 38.32 percent, Netflix up 26.93 percent, Amazon up 24.48 percent, Apple up 22.19 percent and Google up 4.8 percent. 

Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He is also author of the award winning book Accelerate Your Wealth—It’s Your Money, Your Choice.

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