Tech Stocks Fall Sharply Late As Netflix Leads FANG+ Sell-Off [Investor's Business Daily]
Meta Platforms, Inc. - Class A (FB)
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Source: Investors Business Daily
Related news The Nasdaq signaled hefty losses late Monday after Netflix stock plunged on weaker-than-expected subscriber growth. Fellow FANG stocks Amazon.com ( AMZN ), Facebook ( FB ) and Google parent Alphabet ( GOOGL ) also were notable losers, along with Apple ( AAPL ) stock. Amazon, perhaps the biggest long-term threat to Netflix ( NFLX ), kicked off Amazon Prime Day with big website glitches. Stock market futures were not yet active. But the Nasdaq 100 fell 0.8% based on ETFs. The Dow Jones and S&P 500 index were indicated slightly lower. Keep in mind that the Nasdaq composite and especially the big-cap Nasdaq 100, have relied heavily on Netflix stock, Apple stock and other FANG+ stocks for gains in 2018 and in recent years. Netflix stock suffered a double-digit loss late Monday, while Facebook stock, Google stock and Amazon stock retreated about 1%. Apple stock, near a buy point, slid 0.5%. During Monday's regular session, the Dow Jones industrial average rose 0.2%. The S&P 500
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