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Tech stocks crushed in market selloff

Tech stocks crushed in market selloff

A trader works at the New York Stock Exchange NYSE in New York, on Aug. 26, 2022.

Xinhua News Agency | Getty Images

The six largest U.S. tech companies lost more than $500 billion in value Tuesday after an unexpectedly high August inflation report sent tech stocks tumbling. The consumer price index was up 0.1% for the month and was up 8.3% year over year, even as gas prices fell.

The Invesco QQQ ETF, an exchange-traded fund tracking the 100 most…


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