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Nothing lasts forever … and this is especially true on Wall Street. A stark example of this is the dumping of the seemingly invincible FANG stocks, which include Facebook Inc (FB), Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX) and Alphabet Inc (GOOG, ...
Ahead of the bell, Amazon.com, Inc. is pointed 1.3% higher after landing yesterday at $503.82. Longer term, though, it's been a struggle for the shares, down 27.7% from their all-time high of $696.44 in late December.
Shares of tech titans, which include Facebook Inc., Amazon.com, Inc., Netflix, Inc., and Alphabet Inc.–collectively known as FANG–are lagging today, as the overall sector is relatively down compared to the market.