US technology giants that comprise FAANG stocks lost a combined $175bn in market capitalisation in a single day in October, prompting some debate around the investment case for US stocks in your investment portfolio.
The so-called FAANG stocks have been major drivers of investment returns over the past decade but 2018 has seen the brakes applied. This is how these stocks have performed over the past 12 months:
Michael Batnick and Downtown Josh Brown weigh in on the stunning magnitude of this week’s technology stock sell-off, affecting Facebook, Google, Nvidia, Microsoft, Amazon, Netflix, Apple and more.
What started out as an interest rate-related market plunge eventually spread to the biggest, most liquid Nasdaq names and technology giants. What does that tell you as an investor? The end of the beginning or the beginning of the end.