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Tech Selloff Deepens: Nasdaq 100 Faces Worst Drop Since 2022

Bloomberg Tech

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Market Downturn Dynamics

This chapter explores the recent significant decline in various markets, emphasizing an 8.8% drop in Bitcoin and underperformance by major tech companies like Apple and Nvidia. The discussion analyzes the economic data and Federal Reserve actions driving investor panic and market sentiment, particularly in the technology sector. Additionally, it examines the resilience of certain economic indicators and the implications of the current market pullback on historical trends and economic stability.

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