FANG index of tech stocks tumbles into correction territory, down 10% from June record

FANG index of tech stocks tumbles into correction territory, down 10% from June record

5 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/07/30/nyse-fang-index-falls-into-correction-territory.html

The market's favorite technology stocks are tanking as investors growing concerned over the companies' ambitious growth targets following disappointing financial results from Facebook and Netflix this month.

The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level.