Is it the end of the FAANG era? Why the market has turned against tech stocks
- Date: 15-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Is it the end of the FAANG era? Why the market has turned against tech stocks
It’s been a brutal start to the year for stock market investors.
In fact, the S&P 500 is off to its worst start since 1939, falling over 16% year-to-date. And the once high-flying tech sector is faring even worse.
Even with Friday’s nearly 4% relief rally, the tech-heavy Nasdaq is down more than 25% year-to-date.