The significant indices closed higher for a fifth consecutive day on Thursday. But, it was a “lumpy” functionality that saw that the “FAAMNGs” – or FAANGs, or FANGs, based on which tech-related mega-cap stocks you are speaking about – do the majority of the compelling, while broad swaths of this marketplace failed to combine in.Advertisement – Article proceeds belowWall Street received a small good news because brand new unemployment-benefits applications dropped a week to 1.2 million, well below analyst estimates for 1.4 million, but nonetheless, it nonetheless indicated the 20th successive week of 1 million or new jobless claims.”The advancement in claims is a welcome relief after months of stalling at elevated levels, also indicates a moderation in the rate of job separations,” writes Pooja Sriram, vice president, U.S. economist, in Barclays. “That said, with all first promises still over a thousand, there’s quite a ways to go for labour markets to normalize to pre-COVID levels.Meanwhile, national stimulus negotiations remained stalled Thursday, leaving little hope that a deal will be hammered out until the weekend.Nonetheless, Facebook (FB, +6.5%) rallied after launch Instagram Reels, a feature intended to rival contentious social program TikTok. And the remainder of the “FAAMNGs” – the group of Facebook, Apple (AAPL, +3.5%), Amazon.com (AMZN, +0.6%), Microsoft (MSFT, +1.6%), Netflix (NFLX, +1.4%) and Google parent Alphabet (GOOGL, +1.8%), making up greater 23% of their S&P 500’s burden – all completed greater to help raise the blue-chip indices.Advertisement – Article proceeds belowThe Dow Jones Industrial Average closed up 0.7% to 27,386, the S&P 500 gained 0.6% to 3,349, along with the Nasdaq Composite finished in record territory , climbing 1.0% to 11,108. The Russell 2000’s series of wins has been snapped, nevertheless, together with the small-cap indicator decreasing 0.1% to 1,544.Mega-Cap Tech: The Security Play?Investors are fleeing to conventional safe havens within the previous few months.For example, gold prices have been rising since the March underside, adding another 1% profit today to notch a second album payoff at $2,069.40 per oz – aided in part by a strong dollar. That has subsequently pushed up a few gold ETFs, which analysts think could head higher still as price targets about the yellowish metallic increase.”With gold analyzing new highs about $2000 again now, the metal is pushing into a overbought land on a short term foundation,” writes Dan Wantrobski, technical strategist and associate director of research at Janney. “But, the long-term graphs remain bullish at this phase, and we expect gold to outperform U.S. stocks on a comparative basis in the months ahead, even when we view some profit-taking / consolidation within the short-run.Ad – Article continues under”We are searching for a longer-term quantified movement toward the non -$3000 scope for gold costs and would urge investors contemplate having some exposure to this commodity.”Additionally, Treasury yields are now back close to record lows as investors have begun to pile into fixed income (recall: as costs move up, yields return ). Continued safety-seeking may mean higher costs on those 12 bond funds.But what about the FAAMNGs?While the spike in those mega-cap technology, consumer and communications plays may resemble the dot-com bubble, these stocks are looking like a brand new hideout for informed investors. After all, these technology stocks have exactly what many did not in 1999-2000: exceptionally lucrative companies. Stocks like Apple and Microsoft have been cash-circulation machines using billions upon billions of dollars at the bank, supplying business alternatives and a backstop many other businesses just can not match.So because you look around to get just a small shield, additionally consider equities with strong balance sheets and financial resilience – especially the ones that have companies built to withstand the continuing pandemic.