Why Facebook and Apple Couldn't Lift the Nasdaq Thursday

Earnings season has hit top gear for the stocks that make up the largest components of the Nasdaq Composite (NASDAQINDEX: ^IXIC). The Nasdaq has been near all-time record highs, but on Thursday, the index pulled back from what appeared to be the beginning of a record run. As of 12:30 p.m. EDT, the Nasdaq was down more than half a percent after having risen early in the session.

Investors still pay a lot of attention to the FAANG stocks, because they have such a large impact on the entire stock market. Today, investors got a chance to react to earnings reports from Facebook (NASDAQ: FB) and Apple (NASDAQ: AAPL), and even a big gain in one of the stocks wasn't enough to keep the Nasdaq from losing ground. Below, we'll take a closer look at the latest from the two powerhouse tech giants to see what they had to say.

Image source: Getty Images.

Continue reading

Source Fool.com