Is it the end of the FAANG era? Why the market has turned against tech stocks

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.