The index hit an intraday high despite Netflix missing on its subscriber estimates when it announced earnings Monday.
Netflix was down nearly 5% in afternoon trading, yet the rest of the FAANG stocks were soaring. In post-market trading Monday, FAANG stocks were knocked down by Netflix, but they've since been revived.
Alphabet Inc. (GOOGL) - Get Alphabet Inc. Report was up nearly 2%, Amazon.com Inc. (AMZN) - Get Amazon.com Inc. Report was up nearly 1.5%, Facebook Inc. (FB) - Get Meta Platforms Inc. Report was up nearly 1% and Apple Inc. (AAPL) - Get Apple Inc. Report was up slightly. Facebook, Apple, Amazon, and Alphabet are all holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells FB, AAPL, AMZN or GOOGL? Learn more now.