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Nairaland Forum / Science/Technology / Tech's 'faang' Stocks Have Lost More Than $1 Trillion And Counting From Highs Am (315 Views)
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Tech's 'faang' Stocks Have Lost More Than $1 Trillion And Counting From Highs Am by tecnopren: 2:25pm On Nov 21, 2018 |
The five "FAANG" stocks collectively lost more than $1 trillion in market value from recent highs as shares dropped after Tuesday's open. The stocks — Facebook , Amazon , Apple , Netflix and Google-parent Alphabet — all began Tuesday trading lower. Apple led the group's losses, falling as much as 4 percent. The four other stocks later turned around, each going slightly positive on the day. Combined market capitalization losses since their 52-week highs hit $1.02 trillion on Tuesday: Facebook: $253 billion Amazon: $280 billion Apple: $253 billion Netflix: $67 billion Alphabet: $164 billion =https=www.tecnopren.com/2018/11/techs-faang-stocks-have-lost-more-than.html?m=1 |
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