The FAANGs – Facebook, Amazon, Apple, Netflix, Google (standing in for parent company Alphabet), are arguably the world’s most popular tech stocks today. The FAANG stocks have surged more than 40% collectively in 2017, outperforming the Dow Jones Index and S&P 500.
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