Faang Stocks Blindside Traders With $870 Billion Out-of-Nowhere Surge and more | February 3, 2022

(Bloomberg) -- Retail traders sold the ETF dip, hedge funds bailed at the fastest rate in five...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [pixel-thesis-6766ade] Thursday, February 3, 2022  [Investors Business Daily](=) [Daily trading lessons right to your inbox](=) Get 12 free stock market lessons delivered to your email from Investor's Business Daily, the leader in investing education for over 35 years. We'll cover the basics of better investing and show you how to give yourself an edge in the market. [GET FREE LESSON outside the norm.](=) SPONSORSHIP [Yahoo Business]( [Faang Stocks Blindside Traders With $870 Billion Out-of-Nowhere Surge]( (Bloomberg) -- Retail traders sold the ETF dip, hedge funds bailed at the fastest rate in five months, and institutions cut allocations to lows unseen since the financial crisis. Then the tech megacaps staged an $870 billion comeback.Most Read from BloombergU.K. Scrambles Fighter Jets to Intercept Unidentified AircraftTeen Who Demanded $50,000 From... [Read More]( [Yahoo Business]( [Facebook Parent Meta Ramped Up Stock Buybacks at a Bad Time]( The buybacks were a sign that CEO Mark Zuckerberg felt Meta stock, which fell to $250 Wednesday, was cheap in the $330s. [Read More]( [Yahoo Business]( [Stock market news live updates: Nasdaq futures plunge following Facebook earnings miss]( The winning streak in equities was eclipsed by disappointing fourth quarter results from Facebook parent company Meta, which reported figures after the bell on Wednesday. Contracts on the tech-focused Nasdaq Composite dropped 1.68 heading into overnight trading following the results. 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