Stock Market Update 2021-03-01 12:25:00

12:25PM ET 3/01/2021

The S&P 500 is trading higher by 2.3% amid little changes to the market since the last update. The Nasdaq is up 2.4%.

Looking at the FAANG stocks shows green across the board. Apple (AAPL 125.98, +4.72, +3.9%) is setting the performance pace with a 4% gain, followed by more modest gains in Netflix (NFLX 549.55, +10.70, +2.0%), Facebook (FB 261.02, +4.33, +1.7%), Alphabet (GOOG 2070.00, +33.14, +1.6%), and Amazon (AMZN 3123.12, +29.19, +0.9%).

In related news, Facebook's Instagram announced the launch of "Live Rooms," a new feature to let up to four people livestream at once. Audio features are in the works. Live Rooms will compete with Clubhouse and Twitter (TWTR 76.28, -0.76, -1.0%) Spaces.