April was the worst month on the stock exchange for Amazon and Google shares since 2008

April was the worst month for Amazon and Alphabet stocks since the global financial crisis in 2008. It is reported by CNBC.

Due to a combination of factors, including disappointing quarterly reports and macroeconomic volatility, Alphabet's quotes fell 18% in April, Amazon's - 23.8%. For comparison, in November 2008 the securities lost 18.5% and 25.4% respectively. In total, the market value   of companies from the FAANG group decreased by more than $1 trillion in April.

The NASDAQ Composite also suffered its biggest loss since October 2008. At the end of April 2022, the indicator fell by 13.27%. The S&P 500 fell 8.8% over the month, the Dow Jones Industrial Average fell 4.9%.

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