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Ouch! FAANG Stocks Shed $140 Billion In Tuesday’s Rout

Summary:
Tech stocks are back in correction territory after a painful day for public exchanges. The tech-heavy Nasdaq Composite index fell nearly 4 percent, with tech stocks like Apple, Amazon, Alphabet and Facebook weighing most heavily......In total, the so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet-owned Google — shed more than 0 billion in market value by the end of the trading Tuesday. https://www.cnbc.com/2018/12/04/faang-stocks-shed-140-billion-in-tuesdays-market-rout.html

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Tech stocks are back in correction territory after a painful day for public exchanges.

The tech-heavy Nasdaq Composite index fell nearly 4 percent, with tech stocks like Apple, Amazon, Alphabet and Facebook weighing most heavily......In total, the so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet-owned Google — shed more than $140 billion in market value by the end of the trading Tuesday.

https://www.cnbc.com/2018/12/04/faang-stocks-shed-140-billion-in-tuesdays-market-rout.html

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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