On another difficult Friday afternoon for the stock market, the broad U.S. indexes ended with significant declines.
One element that stood out during such a rough year for technology stocks was that the FAANG group (Facebook holding company Meta Platforms Inc. FB, Apple Inc. AAPL, Amazon.com Inc. AMZN, Netflix Inc. NFLX, Google holding company Alphabet Inc. GOOGL GOOG ) plus Microsoft lost $1.404 trillion in market capitalization during April. More data about the group’s performance is below.
Here’s a snapshot of market capitalizations for the FAANG + Microsoft group this year, with data in billions:
The FAANG + Microsoft group lost $1.404 trillion in market value during April and its combined market capitalization has now fallen by $2.214 trillion during 2022.
All sectors of the S&P 500 were down during April, except consumer staples:
During April, 79% of the S&P 500 stocks declined, with 144 down at least 10%. Here are the month’s worst 20 performers in the index:
Click on the tickers for more about each company.
You should also read Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.
Don’t miss: Warren Buffett and Berkshire Hathaway are once again outperforming the stock market. Apple is one big reason but these other 10 stocks also helped.
A meltdown in U.S. stock prices, driven by pessimism about the outlook, is giving way to the growing risk of a markets-led downturn, traders and investors say.
Philip van Doorn writes the Deep Dive investing column for MarketWatch. Follow him on Twitter @PhilipvanDoorn.
Visit a quote page and your recently viewed tickers will be displayed here.