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                            <title><![CDATA[ Latest from Next TV in Tech-stocks ]]></title>
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        <description><![CDATA[ All the latest tech-stocks content from the Next TV team ]]></description>
                                    <lastBuildDate>Fri, 07 Dec 2018 22:08:22 +0000</lastBuildDate>
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                                                            <title><![CDATA[ Tech Stocks Battered Again in Market Plunge ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/tech-stocks-battered-again-in-market-plunge</link>
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                            <![CDATA[ Tech Stocks Battered Again in Market Plunge ]]>
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                                                                        <pubDate>Fri, 07 Dec 2018 22:08:22 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Business]]></category>
                                                                                                                    <dc:creator><![CDATA[ Mike Farrell ]]></dc:creator>                                                                                                        <dc:description><![CDATA[ null ]]></dc:description>
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                                <p>Tech stocks got hammered in another challenging trading day, with the Dow Jones Industrial Average sinking more than 550 points as investors continued to worry about trade issues.</p><p>Friday’s dismal showing -- the Dow closed at 24,388.55, down 558.72 points -- brought the index down 4.5% for the week. Coupled with a 4.6% weekly loss for the S&P 500 Index and a 4.9% weekly decline for the NASDAQ, the indexes are on track for their worst December start since 2008, according to the <a href="https://www.wsj.com/articles/stocks-extend-slide-amid-trade-tensions-growth-fears-1544172486?mod=hp_lead_pos5">Wall Street Journal.</a></p><p>Of the so-called FAANG stocks, Netflix was hit hardest, falling 6.3% ($17.74 each) to $265.14 per share. Next was Amazon -- down 4.1% to $1,629.13, followed by Apple (off 3.6% to $168.38 per share); Google (down 3% to $1,036.58 each) and Facebook (down 1.6% to $137.42 per share). So far this month, Netflix stock is down 8.7%, Apple is down 8.9%, Amazon is down 8.1%, Google is down 6.3% and Facebook fared the best, losing just 2.6% of its value over the period.</p><p><a href="https://www.nexttv.com/news/techs-stocks-battered-cable-mixed-in-market-meltdown" data-original-url="https://www.multichannel.com/news/techs-stocks-battered-cable-mixed-in-market-meltdown">Related: Tech Stocks Battered, Cable Mixed in Market Meltdown </a></p><p>Cable stocks were relatively stable, with a few exceptions. On the distribution side, Charter Communications fell the most, down 3.4% ($11.08 per share) to $315.70 each. The rest of the sector kept their losses in the 1% range -- Comcast declined 1.2% to $37.41 on Dec. 7, while Cable One dipped just under 1% to $870.30 and Altice USA dipped 0.7% to $18.24 per share.</p><p>Programmers fared about the same -- Disney led losers with a 2.1% decline to close at $11.08 each, but the rest of the sector was down less than 1% for the day.</p><p>On the satellite side, Dish Network slipped just 8 cents each (0.25%) to $31.92 per share, while AT&T shed 1.3% (39 cents) to close at $30.14 each.</p>
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