The year’s biggest technology stocks fell from glory

The year 2022 turned many of the stock market’s former darlings into duds.

For most of the last decade, investors piled into stocks of fast-growing technology companies whose strong year-over-year gains reinforced bets that they had nowhere to go but up. Rising prices for such stocks as Facebook parent Meta platforms Inc., Amazon.com Inc., apple Inc., Netflix Inc. and Google owner Alphabet Inc. drove major indexes to dozens of new highs.