Markets

Stock Market Update 2020-07-06 12:25:00

12:25PM ET 7/06/2020 Briefing.com

The S&P 500 is up 1.3%, while the Nasdaq trades higher by 2.0%. 

Looking at the FAANG stocks shows green across the board. Apple (AAPL 373.70, +9.59, +2.7%), Amazon (AMZN 3012.33, +122.28, +4.2%), and Netflix (NFLX 496.56, +19.34, +4.1%) are trading at new all-time highs with noticeable gains. Alphabet (GOOG 1495.17, +30.47, +2.1%) and Facebook (FB 238.29, +4.91, +2.1%) follow suit.

Interestingly, the CBOE Volatility Index is up 0.5% to 37.83 and is not trading lower as some might have expected with the bullish bias in stocks. Investors might be thinking that a pullback is due.