[edit - sorry, read that as amzn not causing index growth] FAANG+M probably has a disproportionate impact on the index https://www.cnbc.com/2017/07/28/fang-te

[edit - sorry, read that as amzn not causing index growth] FAANG+M probably has a disproportionate impact on the index https://www.cnbc.com/2017/07/28/fang-tech-market-concern-volatility.html https://www.cnbc.com/2017/07/28/fang-tech-market-concern-vol... >But the Street's favorite stocks have outsized clout in the index. For instance, Silverblatt says the FANG names — Facebook, Amazon, Netflix and Google parent Alphabet — equal about 7 percent of the S&P 500. With Apple, they make up about 10.6 percent.