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May 06 2022

S&P 500: Kicked In The FAANGs

  • May 6, 2022

Those once high-flying FAANG stocks continue to run into rough pockets of air. Following Facebook’s 33% dive in February, Netflix (-49%), Amazon (-24%), and Google (-18%) followed suit in April as the latter two trillion-dollar firms posted their worst monthly returns since 2008. Only Apple—which still carries an enormous 7% weight in the S&P 500—has avoided a recent gut-wrenching plunge.


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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager