Even Top Stocks Pressured As Market Bears Its FANGs

By | January 4, 2016

Scalper1 News

In terms of the so-called FANG stocks — Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL), once known exclusively as Google — the rough start to 2016 shows that even top stocks can come under the pressure of a broad market sell-off. On Monday, all four companies closed below their 50-day moving average for the first time since late September, as U.S. stocks fell on negative manufacturing data domestically and overseas in China. Scalper1 News

Scalper1 News