The fourth quarter earnings of tech giants Facebook, Apple, Amazon, Netflix, and Google/Alphabet (FAANGs) were something of a mixed bag for investors.
Apple, which struggled at the end of last year, gained 5.5% after it recorded all-time revenue records across multiple categories including cloud services.
In contrast, Amazon fell 2.7% last week, after weaker than expected guidance for the first quarter, while Netflix saw its shares fall as much as 4.3% in after-hours trading despite beating expectations for subscriber growth.
Alphabet was also punished in extended trading after it reported thinner profit margins. Facebook was the highlight, gaining 11% on the week after it delivered strong numbers.