Tech Stocks: A Majority Of Companies Record Share Price Gains Despite A Volatile Market In Q1 2018
Stock markets were generally on a roller coaster in the first quarter of 2018, with some trading days seeing swings of hundreds of points. The Dow Jones Index was down 2.49 percent in the quarter (between the Dec. 29, 2017 and March 29, 2018 closings), but the Nasdaq was up 2.32 percent.
How did the tech vendors do? A Wall Street Journal story noted that the five FAANG (Facebook, Amazon, Apple, NetFlix and Google) companies collectively lost $324 billion in market cap just between March 16 and April 2. (Some of those losses came after the March 29 close of our review: Amazon stock actually gained value in our Q1 review.)
Overall, 26 of the 44 tech companies on our watch list saw their stock prices increase in the first quarter of 2018 while 18 recorded stock price declines.
Here's a look at who was up and who was down in the quarter, starting with companies with the biggest gains in share price, based on stock closing prices on Dec. 29, 2017 and March 29, 2018.