Jul 26, 2018
Big-cap tech names were hard hit after leading the market higher for weeks. Goldman Sachs, in a report on valuations, said Facebook , Apple, Amazon.com , Microsoft and Alphabet [Google's parent] are equal to 13 percent of the S&P 500 but provided 40% of the gains so far this year.
‘FAANG’ Big Tech Drop but Long-term Still Bright
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