These 2 FAANG Leaders Will Drive the Nasdaq in 2021
No one should be too terribly surprised to see major market indexes moving in different directions on Monday -- especially since it's the Nasdaq Composite (NASDAQINDEX: ^IXIC) that's on the rise even as the rest of the stock market pulls back from record levels. As of 3 p.m. EST, the Nasdaq was up by a third of a percent, putting it on pace to close at yet another all-time high.
Many investors are focusing their attention on the smaller, faster-growing companies that have come into the spotlight this year. Yet for the Nasdaq to deliver as good a performance in 2021 as it has in 2020, it will need additional contributions from its leaders. In particular, Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB) are working to get back their shares back to the levels they reached during the summer. If they can, it could help establish the current bull market as more than just a bounce back from the coronavirus bear market.
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Source Fool.com
