Losses of Tech Shares In 2021 Need Close Examination

The selloff gained force Friday, leaving the NYSE FANG+ Index of Tech Industry’s giants bordering on correction territory, or a 10% drop from the highest. That’s not seen as a good sign heading into the end of the year, the most illiquid trading season.

Shares of Tesla, Netflix, Nvidia and Meta Platforms have all lost over 10% in the past few weeks. That wiped several hundreds of billions from their market values, with Meta losing some USD 224 billion since its shares hit a September record.


Momentum stocks, including Nvidia and high-flying software names, were among Wall Street’s top performers in 2021, with their high levels of growth spurring a frenzy of buying.

With the hawskish signals from the Federal Reserve leaving investors bracing for rising interest rates that will affect some of the most highly valued shares the most. Adobe 8.2% drop on Friday and Salesforce.com nearly 12% decline Wednesday among this week’s notable moves.