Wednesday, February 10, 2016

Tech Stocks Have Fallen Faster and Further Than Broader Market - The New York Times

A big day ahead for Twitter; also see Twitter isn’t Facebook, but Wall Street expects it to be. That’s a problem. (The Washington Post)
"The Standard & Poor’s 500-stock index is down 9.4 percent this year. The index’s technology components are down about 12 percent, and the closely watched so-called FANG stocks — Facebook, Amazon, Netflix and Google — are down even further, falling 17 percent on average this year after an 83 percent rise in 2015.

“They go faster on the way up, they go faster on the way down. That’s about as simple as I can make it,” said Colin Gillis, an analyst at BGC Partners.

Shares of Twitter, the popular social media service, for example, are down about 40 percent so far this year. And some analysts worry it could tumble even more after the company announces quarterly results Wednesday afternoon."
Tech Stocks Have Fallen Faster and Further Than Broader Market - The New York Times
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