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Tuesday, December 24, 2024 | 11:02 PM ISTEN Hindi

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Facebook, Apple and Amazon set new records on NYSE as tech stocks shine

Apple, Netflix and Amazon also notched milestones on Friday as tech led the broader market gains

Jeff Bezos
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Jeff Bezos has already committed to investing $5.5 billion to win in India

Bloomberg
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

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