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Tech stocks see steepest three-week slump in two years, led by plunge in Amazon and Intel

Tech stocks see steepest three-week slump in two years, led by plunge in Amazon and Intel

Signage outside the Nasdaq MarketSite in New York on March 23, 2023.

Stephanie Keith | Bloomberg | Getty Images

With quarterly earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous.

The Nasdaq Composite slumped 3.4% this week, bringing its three-week slide to 8.8%. That’s the worst performance for the tech-heavy index over that length of time since September 2022, when the market was…


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