A lot of us work for tech companies we may own shares in, or have options to buy. Knowing where the leaders in the market are going (up, down, flat) is, at worst, a weak signal of how tangential markets will trend in the coming months. Maybe this is less relevant to someone under 30, but as a lot of us creep into our early and late 40s, having a clearer picture of where we might end up in retirement is something many people have a keen interest in.
FAANG stock trends, like it or not, dictate the larger tech sector, and right now 2/5 just took a 20% hit in the space of a week.