Tech Stocks Hit Worst Week Since April Amid Rising Volatility

1 min read
Source: MarketWatch
Tech Stocks Hit Worst Week Since April Amid Rising Volatility
Photo: MarketWatch
TL;DR Summary

Tech stocks experienced their worst weekly decline since April, dropping 4.2% amid concerns over high valuations, despite strong recent earnings and a healthy overall market backdrop. The selloff, driven by profit-taking and valuation concerns, is seen by analysts as a necessary correction that could support future stability.

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