What started off as a 3rd-quarter rebound has turned into a flop for tech investors.
The Nasdaq Composite tumbled 5.1% this 7 days just after losing 5.5% the prior 7 days. That marks the worst two-7 days stretch for the tech-major index because it plunged more than 20% in March 2020 at the begin of the Covid-19 pandemic in the U.S.
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With the third quarter set to wrap up upcoming week, the Nasdaq is poised to notch losses for a 3rd straight