FANG Trade Has Big Tuesday

Shares of Facebook Inc FB, Amazon.com, Inc. AMZN, Netflix, Inc. NFLX and Alphabet Inc GOOGL have recorded considerable gains on Tuesday following the broad market rally. FANG is the acronym coined by CNBC Mad Money host Jim Cramer for Facebook, Amazon, Netflix and Google (now reports under Alphabet). Facebook closed up by 2 percent at $116.14, Amazon gained 2.4 percent at $593.86, Netflix rose about 3 percent at $104.13 and Alphabet climbed 1.67 percent at $765.89. The S&P 500, Dow and Nasdaq all closed higher at 0.88 percent, 0.56 percent and 1.67 percent, respectively.