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Facebook, Apple and Amazon added a combined $274 billion market on Friday after explosive effects released Thursday.
The 3 tech giants reported better-than-expected quarterly results, pushing upwards.
Alphabet, which launched effects on Thursday, came down on Friday. Although the company’s profits exceeded analyst expectations, it reported its first annual profit drop in trading history, causing stocks to fall.
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The better-than-expected results came just one day after the CEOs of the big four tech companies were grilled by the the House Judiciary’s antitrust subcommittee about their power, market share, and potential anticompetitive behavior.
The 4 corporations have more than $5 trillion combined and are among the top-value corporations in the S-P 500, representing about one-fifth of the index.
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