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FANG+ Now in a Bear Market, Down More Than 20% From June: Chart

A collection of technology’s heaviest hitters entered a bear market on Monday. The NYSE FANG+ Index closed down at 2377, marking a 22 percent decline from its all-time high of 3045.95 reached June 20. Each of the gauge’s 10 members had negative price returns over that period, with chipmaker Nvidia Corp.’s 45 percent drop being the worst of the bunch.