Why tech stocks are bleeding right now
CNN
The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market's epic recovery from the pandemic. Now, it's facing ever deeper losses as investors fear that fast-growing companies are running out of steam.
What's happening: The Nasdaq dropped almost 4% on Tuesday, sending the index to its lowest level since December 2020. The S&P 500 lost 2.8%. It's now 13% below its January high.
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