FAANG stocks continue their long slide dragging the Nasdaq with them (FB, AAPL, AMZN, NFLX, GOOGL)

The FAANG stocks have been losing their luster lately. 

The basket of tech giants is down an average of 3.72% over the last month. Alphabet is the biggest loser and is down 5.39% over the last month.

The sell-off comes as investors worry that the too-hot stocks are sporting valuations much higher than other sectors of the market. The companies have been selling off for most of the last month, dragging the tech-heavy Nasdaq 100 with them.

Other markets are faring better than tech, as the Dow is up 1.09% and the S&P 500 is down 0.6% over the last month, compared to the Nasdaq 100 which is down 4.60%. 

FAANG stocks are generally positive for the year, despite the recent declines. The FAANG stocks are up an average of 22.85% this year. The S&P 500 is up 7.92% and the Dow is up 8.14%.

Here is a breakdown of each of the FAANG companies per their performance on Thursday.

• Facebook (FB): -1.28%
• Amazon (AMZN): -1.11%
• Apple (AAPL): -1.02%
• Netflix (NFLX): -1.90%
• Alphabet (GOOGL): -1.19%

SEE ALSO: FAANG stocks are sliding as the Dow hits record highs

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Contributer : Tech Insider http://ift.tt/2tV968J

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