Tuesday’s sell-off added another chapter to a fall that couldn’t have gone much worse for some of the world’s most famous technology companies. Fears of new tariffs, slowing growth and stricter regulation have changed the market environment for the worse over the past few months, pushing all the FAANG stocks into or to the edge of bear market territory. Facebook is currently down 37 percent from its 52-week high, Netflix is down 35 percent and Apple is also firmly in bear territory at minus 24 percent.
As the following chart shows, the current downswing doesn’t change the fact that tech stocks have been doing great in recent years. Looking at their 5-year performance shows that each of them is still up by at least 100 percent since December 2013.
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This chart shows 5-year stock performance of Facebook, Apple, Amazon, Netflix and Alphabet (Index)
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