FAANG stocks have been on a roller coaster the past several weeks.
Facebook, Amazon, Apple, Netflix and Alphabet/Google have been propping up the tech-heavy NASDAQ 100 this year, but they are lagging on Tuesday.
Here is the rundown of how each of the FAANG stocks is performing…
- Facebook (FB) – 1.52%
- Amazon (AMZN) – 1.31%
- Apple (AAPL) – 1%
- Netflix (NFLX) – 3.30%
- Alphabet/Google (GOOGL) – 1.92%
No news, in particular, seemed to be moving the group. Earlier in June, shares of several of the tech companies slid as investors cooled on their valuations of the red-hot companies. Several downgrades led to shares dropping, though the entire FAANG group is higher for the year.
The index is up 16.9% year-to-date, even after Tuesday’s slide. Meanwhile, the broader S&P 500 is only up 7.54%.