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Tech stocks tanked today amid a broader stock market slide as nervous investors worried that the 10-year bull run in public stocks may be coming to an end.
The S&P 500 dropped 3.3 percent while Nasdaq composite index (which is the market where many of the largest U.S. tech companies are traded) lost 4 percent of its value, falling 315.97 points. The net result is that the hand of the market is crushing stocks and high-growth technology companies are bearing the brunt of the beating.
A few points drove the selling, including rising inflation and interest rates as well as a move by the Fed to tighten policy. Further, Wall Street experts noted, as interest rates rise, many big money
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