How the Coronavirus Is Impacting FAANG Stocks
FAANG stocks are underperforming a market that’s getting hammered, although the tech group is largely unexposed to the economic impact from the virus. FAANG stocks, which are largely unexposed to the negative economic impact of the coronavirus, are selling off harder than the broader U.S. stock market is. There’s a common chain of events that tends to cause the group of large-cap tech stocks to plummet, even when they shouldn’t based on their fundamentals. Big tech was also richly valued and

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