Wednesday was a rough day on Wall Street, particularly for tech stocks.
The stock market decline Wednesday hit the biggest tech stocks particularly hard.
Together, the FAANG companies — Facebook, Amazon, Apple, Netflix, and Google — lost a collective $172 billion in value.
Amazon was the biggest loser; it shed $56 billion in market capitalization.
The stock market took a big bite out of the FAANGs on Wednesday.
Collectively, the Big Five tech firms — Facebook, Apple, Amazon, Netflix, and Google — lost $172 billion in value over the span of a few hours on Wednesday, amid a broad slump in the market.