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Shira Ovide

Perk Up, Tech Investors. It Could Be Even Worse.

The FAANG companies could have been bogged down in China, where their counterparts are suffering more.

There’s even more red in China. — There’s even more red in China.
Photographer: Nicolas Asfouri/AFP/Getty Images

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November 20, 2018, 11:00 PM UTC

U.S. stock investors don’t have much to be thankful for as we start the holiday season, and that’s largely because the big technology companies that helped drive the stock market up have been dragging it down lately.

But if the tech superpowers had their way, their share declines might have been even uglier.