Closing Bell: FAANG Stocks Take Another Hit; Tech Selloff Extends Into Day Two

It was another rough day for the Nasdaq, its second in a row, as a selloff in tech stocks resumed. The group has been under pressure since Goldman Sachs gave an unexpected warning on potential sector risks. FAANG stocks -- otherwise known as Facebook Inc. (FB) - Get Report , Apple Inc. (AAPL) - Get Report , Amazon Inc. (AMZN) - Get Report , Netflix Inc. (NFLX) - Get Report , and Alphabet Inc. (GOOGL) - Get Report -- took some of the largest losses, pulling back from recent highs. Those stocks have accounted for two-fifths of the S&P's gains this year. Retail was a bright spot, led by Ascena Retail Group (ASNA) - Get Report . The parent of Lane Bryant and Ann Taylor rose after announcing plans to close or reduce rent at more than 650 locations as leases mature through to mid-2019. "Wonder Woman" dominated the weekend box office for the second week in a row. The film, produced by Time Warner Inc.'s (TWX) Warner Bros. has earned $205 million in domestic ticket sales over its run.