Just Five Stocks Account for Nearly 75% of the Nasdaq's Plunge
- Apple, Microsoft and Google top the list of biggest losers
- Nasdaq Composite Index has lost more than 2% since June 7
Why Tech Stocks Are Suddenly Selling Off
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When it comes to the ongoing technology beat-down in the stock market, it appears not all shares are created equal.
Indeed, just five names account for nearly 75 percent of the drop in the Nasdaq Composite Index, which has fallen more than 2.1 percent since June 7. Meanwhile, the Dow Jones Industrial Average and S&P 500 Index are roughly unchanged over the same time frame.