{"id":88959,"date":"2024-08-05T00:07:38","date_gmt":"2024-08-05T04:07:38","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88959"},"modified":"2024-08-05T00:07:35","modified_gmt":"2024-08-05T04:07:35","slug":"tech-stocks-see-steepest-three-week-slump-in-two-years-led-by-plunge-in-amazon-and-intel","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2024\/tech-stocks-see-steepest-three-week-slump-in-two-years-led-by-plunge-in-amazon-and-intel.html","title":{"rendered":"Tech stocks see steepest three-week slump in two years, led by plunge in Amazon and Intel"},"content":{"rendered":"\n<p>(CNBC) With quarterly earnings from tech\u2019s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq Composite\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/08\/01\/stock-market-today-live-updates.html\">slumped<\/a>\u00a03.4% this week, bringing its three-week slide to 8.8%. That\u2019s 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.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/08\/02\/tech-stocks-wrap-up-steepest-three-week-slump-in-two-years-led-by-plunge-in-amazon-and-intel.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) With quarterly earnings from tech\u2019s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq Composite\u00a0slumped\u00a03.4% this week, bringing its three-week slide to 8.8%. That\u2019s the worst performance for the tech-heavy index [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88959","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88959"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88959\/revisions"}],"predecessor-version":[{"id":88960,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88959\/revisions\/88960"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}