However the FAANGs out-performance came to an abrupt halt in early March. It has since registered significant fall from the peak right up till the most recent market trading date. Let us look at the FANG+ Index listed on the New York Stock Exchange for a sensing on the drop magnitude.
FANG+ Index, according to its factsheet, is
'an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology or tech-enabled companies such as Facebook, Amazon, Apple, Netflix and Alphabet's Google'.
It currently holds 10 stocks. Others being Alibaba, Baidu, Nvidia, Tesla and Twitter.
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