Is it the end of the FAANG era? Why the market has turned against tech stocks - BitcoinEthereumNews.com
TeknolohiyaKatapusan na ba ng panahon ng FAANG? Bakit ang merkado ay tumalikod laban sa mga tech na stock05 / 15 / 2022Balita ng Ethereum ng Bitcoin Its been a brutal start to the year for stock market investors. In fact, the S&P 500 is off to its worst start dahil 1939, falling over 16% year-to-date. And the once high-flying tech sector is faring even worse. Even with Fridays nearly 4% relief rally, the tech-heavy Nasdaq is down more than 25% year-to-date. Many of the tech names that dominated portfolios and outperformed throughout most of the past decade have seen their shares plummet in 2022. That includes the so-called “FAANG” stocks—Meta (FB), Birago (AMZN), mansanas (AAPL), Netflix (NFLX), and Alpabeto (GOOGL). On average, FAANG shares are down roughly 37% since the start of the year. Promising tech startups like the retail investing platform Robinhood at ang EV maker Rivian have also taken a dive, and work-from-home tech names like Peloton and Mag-zoom, which thrilled investors during the pandemic, have seen mounting losses. This year‘s tech rout has left many market watchers wondering what happened. From recession fears to rising interest rates, it’s obvious that tech stocks have faced a number of headwinds. But should the losses really be