The selloff in tech stocks is infecting the rest of the market

The selloff in tech stocks is infecting the rest of the market

Once a favorite of investors, FAANG stocks are being abandoned. The popular tech stocks—Facebook, Apple, Amazon, Netflix, and Google-parent company Alphabet—have lost more than $1 trillion in market value since their recent highs. Yesterday, they officially entered into a bear market, meaning they had plunged more than 20% from their high. “Red October,” as last…