Amazon, Apple and Facebook shares fell sharply from their previous value

Amazon, Apple and Facebook share Price

Amazon, Apple and Facebook share Price

The world famous technology companies are losing their shares. The shares have sharply fallen down from their previous value. The iPhone maker's share has now fallen eleven percent since September erasing about 3 billion dollars in their market value. It became the third of the five mega cap tech companies to fall more than 10 percent from its peak earlier this year.

Apple fell as much as 3.1% on Monday amid another wave of selling in the shares of faster growing companies with higher valuations that are facing pressure from rising U.S. Treasury yields. Facebook Inc. And Amazon.com has fallen more than 10 percent from its peak. Facebook, which is a globally used app in today's world, is down 15 percent from a record earlier this month .

Amazon.com Inc. shares fell sharply on Monday, with the e-commerce giant falling back into negative territory for the year. The stock fell 2.9% in its sixth straight daily decline . Amazon.com has dropped 14 Percent from a July high. The closely watched NY FANG+ index which includes 10 highly liquid tech and internet stocks  is down more than 9% from a September 7 peak. Tesla Inc. is the only stock in the black during that period.Among  the other mega-cap stocks Apple Inc. fell 2.5%, Microsoft Corp. dropped 2.1%, Alphabet Inc. declined 2.1%, and Facebook Inc. sank 4.9%. Despite the declines, however, the others all remain in positive territory for the year, with gains ranging from Apple’s nearly 5% advance to Alphabet’s surge of more than 50%.

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