(CNBC) With quarterly earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq Composite slumped 3.4% this week, bringing its three-week slide to 8.8%. That’s the worst performance for the tech-heavy index over that length of time since September 2022, when the market was in free fall due to soaring inflation and rising interest rates, according to FactSet.
Tech stocks see steepest three-week slump in two years, led by plunge in Amazon and Intel
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