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FAANG Stocks Performance Relative to the S&P 500 Index 

FAANG stocks, i.e.  Facebook, Amazon, Apple, Netflix, and Google​, account for 12.8% of the S&P 500.

Companies like Alphabet (Google) and Facebook are now in the new consumer services sector instead of the technology sector.

After providing a disproportionate share of the market’s gains in first half of the year, the FAANG stocks reversed course, and contributed to the market decline.


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