FANGs No More

Move over FANG stocks, it’s time for a MIC check. That’s MIC as in Microsoft Corp., Intel Corp. and Cisco Systems Inc., which all helped lead the Internet-driven bull market in the 1990s. Microsoft lifted the Nasdaq-100 Index more than any other stock in between the gauge’s high last August and its record Wednesday, according to data compiled by Bloomberg. Intel and Cisco were also in the top four along with Broadcom Ltd., which went public in 2009. Facebook Inc. was the only FANG stock to add to the Nasdaq-100’s value. Amazon.com Inc., Netflix Inc. and Google’s owner, Alphabet Inc., weighed on the index.