ADVERTISEMENT

Here's how the FAANGs are faring during the stock market's correction

Only Apple is beating the S&P 500 this week.

  • US stock markets are officially in a correction after Thursday's massive drop.
ADVERTISEMENT

Stocks officially entered a correction Thursday, when the Dow Jones industrial average and S&P 500 both saw the drops from their most recent highs extend to at least 10%.

The FAANG stocks — that is, the tech basket consisting of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet — have been hit just as hard, with only Apple outperforming the S&P 500 this week.

Over the past five trading sessions, the S&P 500 — a common market performance benchmark — has lost 8.27%. Here's how the individual FAANG stocks have fared:

ADVERTISEMENT
  • :
  • :
  • :
  • :

So far Friday, the major averages see-sawed between gains and losses before

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Coinremitter claims to be a leading crypto payment gateway in the market

Coinremitter claims to be a leading crypto payment gateway in the market

African countries projected to gain the most rich people

African countries projected to gain the most rich people

Nigeria claims $600m Maersk deal sealed but the company seems unaware of such deal

Nigeria claims $600m Maersk deal sealed but the company seems unaware of such deal

5 African countries Prince Harry and Meghan, Duchess of Sussex have visited

5 African countries Prince Harry and Meghan, Duchess of Sussex have visited

African countries are asserting their sovereignty amidst a global race for resource acquisition: The elite in the diaspora should be ready to facilitate.

African countries are asserting their sovereignty amidst a global race for resource acquisition: The elite in the diaspora should be ready to facilitate.

Top 10 African countries that have the most smokers

Top 10 African countries that have the most smokers

Top 5 cheapest countries to buy beer in Africa

Top 5 cheapest countries to buy beer in Africa

Africa’s path to transforming its finances - IMF

Africa’s path to transforming its finances - IMF

Demand for used and refurbished phones in Africa rose in 2023 — Report

Demand for used and refurbished phones in Africa rose in 2023 — Report

ADVERTISEMENT