It was a rough day for growth technology investors. So-called FANG stocks lost $86.6 billion in stock value Tuesday.
Facebook, Amazon, Netflix and Alphabet shares all fell during the market decline Tuesday, ranging from a 3.7 percent drop to a 4.8 percent drop.
Alphabet was the biggest loser at about $36 billion in value lost as Wall Street analysts lowered profit margin projections for the company due to its cloud computing investment plans.
The total stock value lost from FANG stocks was $86.6 billion.
Even after the sharp drops Tuesday, two FANG stocks are up so far this year. Netflix is still up more than 55 percent year to date followed by Amazon's nearly 25 percent year-to-date gain.