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 In the first week of September, the markets saw a sudden drop from peak values. That fall was most pronounced in the NASDAQ index, which dropped from 1,200 points - some 10% - in just 5 trading sessions. Since then, however, the situation has stabilized. Stocks have bounced up and down, but the NASDAQ has generally held steady at or near 11,000 for the past three weeks.The holding pattern is likely more important than the slide. It's lasted longer, and appears to represent a classic market correction. The NASDAQ's 5-month run to its September 2 all-time high left it somewhat overvalued, and it's now fallen back to a more sustainable level. This is borne out by a look at three major components of the index, members of tech's ‘FAANG' club.The FAANG stocks are Facebook, Amazon, Apple, Netflix, and Google (Alphabet). They are the 800-pound gorillas of the tech world, companies of enormous size and scope, whose operations and market fluctuations have been a major driver to the NASDAQ, and the overall stock market, in recent years. And three of them have another important point in common, too: each gets a ‘Perfect 10' rating from the TipRanks Smart Score.The Smart Score rates every stock according to set of 8 factors that have historically correlated with future outperformance, and combines them into a simple 1 to 10 scale to indicate the stock's likely future course. Now let's see why these tech giants scored so highly, and what Wall Street's analysts have to say about it.Facebook (FB)First on our list is Facebook. The social media giant has spawned both an i
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 The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 33.6 million on Wednesday, according to data aggregated by Johns Hopkins University, while the death toll rose to 1.008 million. The U.S. has the highest case tally at 7.2 million, and highest death toll at 205,998. In the first of three planned presidential debates, President Donald Trump blamed China for the outbreak, while rival Democrat Joe Biden slammed Trump's handling of the crisis. "It is what it is because you are who you are," Biden said, parotting the phrase Trump used in a recent Axios interview regarding the U.S. death toll. Brazil has the second-highest death toll at 142,921, but third-highest case tally at 4.8 million. India is second to the U.S. by case tally at 6.2 million, and has the third-highest death toll at 97,497. Mexico is fourth with 77,163 deaths and seventh with 738,163 cases. The U.K. has 42,162 deaths and 448,734 cases, the highest death toll in Europe and fifth-highest in the world.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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