The 5 hottest tech stocks saw a staggering $172 billion of market value go up in smoke on Wednesday (AMZN, FB, AAPL, GOOGL, NFLX)
Wednesday, 10 October 2018 · The stock market decline Wednesday hit the biggest tech stocks particularly hard.
· Together, the FAANG companies — Facebook, Amazon, Apple, Netflix, and Google — lost a collective $172 billion in value.
· Amazon was the biggest loser; it shed $56 billion in market capitalization.
According to Business Insider, US stocks marked a three-day losing streak on Wall Street. The downturn began last week following a massive sell-off of US Treasury bonds, which are trading a multi-year highs. But the federal bond market is closed for Columbus Day, leaving Treasury yields for 10-year...
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