FAANG Stocks Rebound After Slumping to Multimonth Lows
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Major technology and internet stocks rallied in early trading Wednesday in what amounted to a partial rebound from recent sharp losses that took the one-time market leaders to multi-month lows and helped drive the Nasdaq into a bear market.
The FAANG stocks -- Facebook, Apple, Amazon, Netflix, and Google-parent Alphabet -- were all on track to snap multi-day declines, even as their recent trends remained decidedly to the downside.