The Nasdaq Composite is officially back in a bear market, which happens when an index is down 20% or more from its all-time high. Meanwhile, the S&P 500 is in correction territory -- which is a drawdown of at least 10% from the all-time high -- while the Dow Jones Industrial Average is just 33 basis points from a correction. Read More...
TheStreet.com
Black Friday for The FAANG Who May Lose a Member
While concerns were already surrounding tech as the Federal Reserve hiked interest rates to curb inflation, there was still hope that tech tenors would provide some reassurance on the outlook for companies much more established. There was the hope that Apple , Amazon , Google (Alphabet) could make people forget the possible underperformance of Facebook (Meta) , or even Netflix . From the first quarter results of Facebook, Apple, Amazon, Netflix and Google, the famous FAANG, it appears that fears about a possible recession are well founded.
