FANG Stocks Tumble 6% in Unprecedented Selloff
- About $180 billion erased from combined market value
- Slew of bad news hit stocks whose gain looked like bubble
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The market’s darlings just suffered their worst day in at least three years.
The NYSE FANG+ index, tracking the FANG block and its megacap brethren, tumbled 5.6 percent in the biggest rout in data going back to September 2014.