FAANG stocks plus Microsoft lost $1.4 trillion in market value during April
By Philip van Doorn
Shares of Amazon.com fell 14% on Friday; Microsoft has lost $449.5 billion in value this year
On another difficult Friday afternoon for the stock market, the broad U.S. indexes ended with significant declines.
One element that stood out during such a rough year for technology stocks was that the FAANG group (Facebook holding company Meta Platforms Inc. (FB), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Netflix Inc. (NFLX), Google holding company Alphabet Inc. (GOOGL)(GOOGL)) plus Microsoft lost $1.404 trillion in market capitalization during April. More data about the group's performance is below.
Index summary
FAANG summary
Here's a snapshot of market capitalizations for the FAANG + Microsoft group this year, with data in billions:
Company Change in market cap -- April Change in market cap -- 2022 through April 29 Market cap -- April 29, 2022 Market cap -- March 31, 2022 Market Cap -- Dec. 31, 2021 Meta Platforms Inc. Class A -$61.173 -$379.914 $542.537 $603.710 $922.451 Amazon.com Inc. -$394.317 -$426.512 $1,264.491 $1,658.807 $1,691.003 Apple Inc. -$297.944 -$361.690 $2,551.594 $2,849.538 $2,913.284 Netflix Inc. -$81.732 -$182.889 $84.572 $166.304 $267.461 Alphabet Inc. -$333.393 -$413.790 $1,508.193 $1,841.586 $1,921.984 Microsoft Corporation -$235.778 -$449.503 $2,075.581 $2,311.359 $2,525.084 Total -$1,404.336 -$2,214.298 $8,026.967 $9,431.304 $10,241.266 Source: FactSet
The FAANG + Microsoft group lost $1.404 trillion in market value during April and its combined market capitalization has now fallen by $2.214 trillion during 2022.
S&P 500 decliners
All sectors of the S&P 500 were down during April, except consumer staples:
S&P 500 sector Price change -- April Price change -- one week through April 22 Price change -- April 22
Communication Services -15.8% -11.5% -3.6%
Consumer Discretionary -13.0% -9.5% -5.9%
Information Technology -11.3% -3.8% -4.1%
Financials -10.0% -6.5% -3.4%
Industrials -7.6% -4.8% -2.6%
Health Care -4.8% -6.0% -2.5%
Utilities -4.3% -6.4% -3.0%
Real Estate -3.7% -4.5% -4.9%
Materials -3.5% -4.5% -2.0%
Energy -1.6% -5.8% -2.5%
Consumer Staples 2.4% -1.7% -2.7%
Full S&P 500 -8.8% -3.3% --3.6%
Source: FactSet
During April, 79% of the S&P 500 stocks declined, with 144 down at least 10%. Here are the month's worst 20 performers in the index:
Company Ticker Price change -- April Price change -- 2022 Decline from 52-week intraday high Date of 52-week intraday high Netflix Inc. NFLX -49.2% -68.4% -72.8% 11/17/2021 Align Technology Inc. ALGN -33.5% -55.9% -60.7% 09/23/2021 Nvidia Corp. NVDA -32.0% -36.9% -46.5% 11/22/2021 Match Group Inc. MTCH -27.2% -40.2% -56.5% 10/21/2021 Generac Holdings Inc. GNRC -26.2% -37.7% -58.2% 11/02/2021 Etsy Inc. ETSY -25.0% -57.4% -69.7% 11/26/2021 PayPal Holdings Inc. PYPL -24.0% -53.4% -71.7% 07/26/2021 Amazon.com Inc. AMZN -23.8% -25.5% -34.1% 07/13/2021 West Pharmaceutical Services Inc. WST -23.3% -32.8% -33.7% 09/09/2021 State Street Corp. STT -23.1% -28.0% -36.1% 01/13/2022 Paramount Global Class B PARA -23.0% -3.5% -38.6% 06/28/2021 MarketAxess Holdings Inc. MKTX -22.5% -35.9% -47.2% 08/05/2021 SolarEdge Technologies Inc. SEDG -22.3% -10.7% -35.7% 11/22/2021 Boeing Co. BA -22.3% -26.1% -42.4% 06/02/2021 Take-Two Interactive Software Inc. TTWO -22.3% -32.8% -39.0% 11/05/2021 Moderna Inc. MRNA -22.0% -47.1% -73.0% 08/10/2021 Advanced Micro Devices Inc. AMD -21.8% -40.6% -48.0% 11/30/2021 Charter Communications Inc. Class A CHTR -21.5% -34.3% -48.1% 09/02/2021 Charles Schwab Corp SCHW -21.3% -21.1% -31.1% 02/09/2022 Idexx Laboratories Inc. IDXX -21.3% -21.1% -31.1% 02/09/2022 Source: FactSet
Click on the tickers for more about each company.
You should also read Tomi Kilgore's detailed guide to the wealth of information for free on the MarketWatch quote page.
Don't miss:Warren Buffett and Berkshire Hathaway are once again outperforming the stock market. Apple is one big reason but these other 10 stocks also helped
-Philip van Doorn
(END) Dow Jones Newswires
May 02, 2022 07:31 ET (11:31 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.