FANGs Flash Crashed – Worst Day Since Election

FANG Stocks: Coined by CNBC business pundit Jim Cramer, the term refers to four publicly-traded tech giants Facebook Inc. (FB), Amazon.com Inc. (AMZN), Netflix Inc. (NFLX), and Google (GOOGL), which is now Alphabet Inc. All four of the companies are online or tech-centric, command massive market shares in their respective industries and are valued and traded at very high prices.

The sudden rotation out of growth/momentum stocks, highlighted earlier, sure escalated quickly…

… With growth getting dumped…

https://i1.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/06/07/20170609_EOD4.jpg

… and AMZN flash-crashing:
https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/06/07/20170609_AMZN.jpg
Some zoomed in context:
https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/06/07/20170609_AMZN1.jpg
Even AAPL got hammered:
https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/06/07/20170609_AMZN2.jpg
In fact, all the FANG stocks were in trouble, on their biggest down day since the election:
https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/06/07/20170609_EOD3.jpg
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