FANG leads the defeat of technology stocks as investors begin to question about the crowding of some growth stocks

This is a tough day for growth technology investors. The so-called FANG shares are down on Monday after disappointing quarterly results from two of the biggest companies in the sector.

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On Thursday, Amazon reported Goldman Sachs' chief strategist took a stance on technology stocks, and said the disappointing results of Facebook should not be scary. investors from across the sector.

Even after declines on Monday, most FANG stocks are rising so far this year. Netflix is ​​still up more than 77% since the beginning of the year, followed by the 54% gain recorded by Amazon since the beginning of the year. Facebook is the only loser, down 4.6% this year

Technology stocks are still the best performers in 2018, and the sector is up 14.1% versus the S & S index P 500, up 5.4% this year. ] Apple reports earnings Tuesday after the bell.