The FAANG stocks have been losing their luster lately.
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FAANG stocks continue their long slide dragging the Nasdaq with them (FB, AAPL, AMZN, NFLX, GOOGL)
The sell-off comes as investors worry that the too-hot stocks are sporting valuations much higher than other sectors of the market.
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The basket of tech giants is down an average of 3.72% over the last month. Alphabet is the biggest loser and is down 5.39% over the last month.
The sell-off comes as investors worry that the too-hot stocks are sporting valuations much higher than other sectors of the market. The companies have been selling off for most of the last month, dragging the tech-heavy Nasdaq 100 with them.
Other markets are faring better than tech, as the Dow is up 1.09% and the S&P 500 is down 0.6% over the last month, compared to the Nasdaq 100 which is down 4.60%.
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FAANG stocks are generally positive for the year, despite the recent declines. The FAANG stocks are up an average of 22.85% this year. The S&P 500 is up 7.92% and the Dow is up 8.14%.
Here is a breakdown of each of the FAANG companies per their performance on Thursday.
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