⁍ Facebook jumped over 5%, with Apple and Google-parent Alphabet each rising over 3%, and Amazon adding 1.6%.

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⁍ Rallies in shares of these top-shelf tech companies have led the S&P 500 to record highs.

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⁍ Without Facebook, Apple, Amazon, Netflix and Alphabet – the so-called FAANG stocks – the S&P 500 would be down about 4% in 2020.

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– Apple, Facebook, Amazon, Google-parent Alphabet, and Netflix are all due to report their quarterly results after the closing bell Thursday, and those five tech giants are helping to keep Wall Street in positive territory this year, Reuters reports. Facebook jumped more than 5%, with Apple and Google-parent Alphabet each rising over 3%, and Amazon adding 1.6%. Those companies’ gains ahead of their quarterly results after the bell added a combined $163 billion to their market capitalizations, more than the entire value of McDonald’s Corp. Heavyweight US technology companies, also including Zoom Video Communications, Nvidia, and Microsoft, have grown their businesses and outperformed smaller rivals this year as the pandemic accelerates trends toward online shopping, video streaming, and other technologies. Rallies in shares of these top-shelf tech companies have led the S&P 500 to record highs, even as the index’s smaller components struggle with a crippled global economy. Without Facebook, Apple, Amazon, Netflix, and Alphabet—the so-called FAANG stocks—the S&P 500 would be down about 4% in 2020, compared with the index’s 2% year-to-date rise, according to a research note from Bespoke Investment Group on Thursday.