The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged more than 20% in March 2020 at the start of the Covid-19 pandemic in the U.S. Investors have been dumping tech stocks since late 2021, betting that rising inflation and higher interest rates would have an outsized impact on the companies that rallied the most during boom times. “This is a one-two punch on tech,” Cresset Capital’s chief investment officer Jack Ablin said.Read Long Article
