FAANG Stocks Hammered On Wall Street
- 5 years ago
According to Reuters, the FAANG group of stocks are struggling at the beginning of another trade week.
Apple, Amazon, Facebook, Netflix, and Google's parent company Alphabet are all trading lower between 3-and-5 percent.
But those losses are putting pressure on the S&P 500, especially the tech sector.
On the day, the S&P dropped about 1.5-percent, losing 40-points.
But the tech sector dropped by 3.3-percent.
Apple, Amazon, Facebook, Netflix, and Google's parent company Alphabet are all trading lower between 3-and-5 percent.
But those losses are putting pressure on the S&P 500, especially the tech sector.
On the day, the S&P dropped about 1.5-percent, losing 40-points.
But the tech sector dropped by 3.3-percent.