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FAANG stocks lost $827 billion in market cap this year

Yahoo Finance Live's Brian Sozzi breaks down the stat of the day.

Video transcript

BRIAN SOZZI: All right, time for your stat of the day. Despite the rally off the June lows for big cap tech names, some of the more prominent stocks in the space are still not having a great year. The FAANG complex, which includes Facebook, Apple, Amazon, Netflix, and Google, have lost a combined $827 billion in market cap this year. Apple has been the best performer of the group, down only 3% on the year. Netflix has performed the worst with a plunge of 58%.