Tuesday, June 13, 2017

The FAANG Crash

The so-called FAANG stocks have been leading the market much of the year, but the past two days have been pretty rough for them. While tech stocks have been dropping, Facebook, Apple, Amazon, Netflix and Google parent Alphabet have had the most dramatic falls of all. Over the last two trading days:
  • Facebook has dropped 4.1 percent
  • Apple has dropped 6.2 percent
  • Amazon has dropped 4.5 percent
  • Netflix has dropped 8.7 percent
  • Alphabet has dropped 4.2 percent
Altogether, those five stocks have lost $125 billion in value since Thursday.

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