Investors’ uncertainty about the FAANG group of technology megacaps appears to be over -- at least for now -- as Facebook Inc., Apple Inc., Amazon.com Inc. and Netflix Inc. all closed at new highs.
Social media giant Facebook, which plunged 10 percent in March amid a backlash about how it handled user data, rose 1.2 percent on Friday to close at a record $193.99. The stock had surged 12 percent in May for its best monthly performance in almost a year. Analysts expect the rally to continue. Their average price target of $222.18 implies an additional 15 percent upside for