Jeff Bezos, President and CEO of Amazon and owner of the Washington Post, speaks at the "Milestone Celebration Dinner "of the Washington DC Economic Club on September 13, 2018 in Washington, DC
All five FAANG companies – Facebook, Amazon, Apple, Netflix, and Google, Alphabet's parent company, slated to defeat on Wednesday after completing several trading days of negative trading, all five stocks closed the day at least 6 percent as the Dow reached over 1
The rally came when the market recovered from its worst ever Christmas Eve sale. The tech-heavy Nasdaq Composite Index rose sharply to 5.8 percent at . Amazon, Apple, Netflix and Alphabet each had four straight-trading days down, while Facebook before the rally.
Amazon ended the Group's highest value at 9.4 percent, after announcing a record Christmas season, by number of items sold, as it seeks to outperform its own weak outlook for the quarter. The company did not announce any sales, so investors need to wait for Amazon's next earnings report to get a picture of the shopping season. Amazon crashed 10 percent after its last earnings report, as the company forecasted operating income of $ 2.1 billion to $ 3.6 billion, among analyst estimates of $ 3.9 billion.
According to a report by Consumer Intelligence Research Partners, Apple closed the day at 7 percent. With its latest iPhone version, it has attracted a larger number of Android users compared to previous years.
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