This Is What the Market Looks Like Without FANGs
- The tech megacap bloc is no help to the Nasdaq 100 right now
- Averages still eke out a gain as earnings exceed estimates
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Rarely does a day go by in the U.S. stock market without someone decrying its addiction to gains in the FANG bloc of tech megacaps.
Now, in the middle of earnings season, their support has gone missing, and the result has been something less than a catastrophe.