Large-cap technology stocks, led by so-called FAANG shares, extended Friday’s decline after rising 22% as a group this year through Thursday.
• Facebook Inc. FB, -1.56% was down 3.3% on Friday after returning 30% in 2017 through Thursday.
• Amazon.com Inc. AMZN, -1.72% was down 3.2% Friday after returning 30% in 2017.
• Apple Inc. AAPL, -3.21% was down 3.9% Friday after returning 30% in 2017.
• Netflix Inc. NFLX, -4.35% was down 4.7% Friday after returning 28% in 2017.
• Alphabet Inc., which owns Google. The company’s Class A GOOGL, -1.65% shares dropped 3.4% Friday after returning 22% in 2017. Class C GOOG, -1.52% shares declined 3.4% Friday after returning 23% in 2017.
Technically, Amazon and Netflix aren’t included in the S&P 500 SPX, -0.35% tech sector, as they are considered consumer-discretionary companies. But if they were included, the market value of the FAANG stocks together would make up 42% of the tech sector’s market value.
Maybe it’s not surprising to see the biggest names in tech pull back after such an amazing run. But something else went on last week, as you can see from this five-day chart:
Here are the tech stocks in the S&P Small-Cap 600 Index that extended their year-to-date gains the most Friday:
You can click on the tickers for more information, including news, financial reports and other company filings.
Here’s a quick summary of how sell-side analysts think about the group:
As always, if you see any companies that interest you, the next step is to do your own research, hopefully with the assistance of your broker or investment adviser, to form your own opinion about how well these companies will perform over the next several years.