By Investing.com Staff
The FAAMG tech behemoth stocks were down 32% on average for the first half of 2022 versus a fall of 21% for the S&P 500 as a whole.
Below is how each FAAMG name performed for the first half of the year:
- Meta (Facebook) (NASDAQ:META): down 52%
- Apple (NASDAQ:AAPL): down 23%
- Amazon (AMZN): down 36%
- Microsoft (NASDAQ:MSFT): down 24%
- Alphabet (Google) (NASDAQ:GOOGL): down 25%
The S&P 500 had its worst start of the year since 1970, the Dow had its worst start since 1962, and the Nasdaq had its worst ever.