FAANG stocks are under pressure
FAANG stocks have been on a roller coaster the past several weeks.
Facebook, Amazon, Apple, Netflix and Alphabet/Google have been propping up the tech-heavy NASDAQ 100 this year, but they are lagging on Tuesday.
Here is the rundown of how each of the FAANG stocks is performing...
No news, in particular, seemed to be moving the group. Earlier in June, shares of several of the tech companies slid as investors cooled on their valuations of the red-hot companies. Several downgrades led to shares dropping, though the entire FAANG group is higher for the year.
The index is up 16.9% year-to-date, even after Tuesday's slide. Meanwhile, the broader S&P 500 is only up 7.54%.
Click here to read more about the NASDAQ 100 Index ...
(Markets Insider)
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