Market Takes A Bite Out Of FANG To Start 2016

The combined closing prices of FANG (Facebook NASDAQ: FB), Amazon.com Inc.

, Netflix

and Google

are trading lower by $74.05 at $1579.76 as of 12.30 PM in Monday's session. The issues in the acronym, made famous by CNBC's Jim Cramer, allowed the S&P 500 index to post a small loss for 2015 as opposed to being deeper in the red. As a result, many market pundits will closely following the price action in these issues to identify a shift in investors sentiment. Of the four volatile issues, Netflix Inc.

shares which are lower by $7 at $107.46, are leading the charge lower after a downgrade by Baird from Outperform to Neutral, lowering the price $128 to $115.