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Tech stocks sliding further than broader market

They are victims of their own success, fears about the global economy and a slowdown in business spending

Standard & Poor's 500 stock index's technology components are down about 12 per cent, and the closely watched so-called FANG stocks - Facebook, Amazon (above), Netflix and Google - are down even further, falling 17 per cent on average this year.

San Francisco

AS the US economy muddled along over the last few years, investors paid handsome sums to get in on high-flying technology companies that were among the few pockets of steady growth. Now comes the payback.

As the stock market continues its 2016 slide, technology stocks...

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