Of Mutual Interest: FANG stocks fumble

NEW YORK — Facebook's recent plunge slowed technology stocks, but it didn't stop them.

Facebook and a small group of other giant technology companies have been some of the market's biggest gainers in recent years. But the group hit a speedbump in July when Facebook said its user growth slowed down.

Around the same time, Netflix suffered a similar decline, while Twitter, a far smaller company that has made huge gains in the last year, also nosedived.

Even with the recent losses, that group of stocks has done far better than the rest of the market, and the broader technology sector, this year.

The S&P 500 index has climbed about 15 percent over the last year, but it's being left in the dust by a list of market favorites dubbed "FANG plus."

That's Facebook, Amazon, Apple, Netflix and Google parent Alphabet, which are grouped into the NYSE FANG+ Index along with electric car maker Tesla, Chinese web search company Baidu, Chinese e-commerce company Alibaba, Twitter and chipmaker Nvidia.

You may also like these

EU trade commissioner says trade liberalization...

Jun 18, 2018

European Trade Commissioner Cecilia Malmstrom says trade liberalization continues to have global...

Australia and Vanuatu to negotiate security treaty

Jun 25, 2018

Australia says it will negotiate a security treaty with Vanuatu, weeks after the Australian prime...

Huawei executive warns Australia risks economy...

Jun 27, 2018

A Huawei executive says Australia could damage its economic future if it bans the Chinese...

Usain Bolt to make run at pro soccer in Australia

Jul 17, 2018

Trading spikes for boots, Usain Bolt ready to make run at pro soccer in Australia

Global stocks, oil turn lower ahead of Fed meeting

Aug 22, 2016

Major stock markets and the price of oil turned lower on Monday as investors looked ahead to the...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!