Tech's $900 Billion Rout Is Price of Earnings Becoming Ordinary
- Group expected to lag S&P 500 earnings for 1st time since 2014
- Nasdaq 100 plunges more than 4% in worst selloff since 2011
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Investors enamored of tech stocks that suddenly seem only to fall are searching for answers. The simplest may be that the group just isn’t that special anymore.
Another earnings season is here and again the whole U.S. stock market feels like it’s at risk of being laid low by tremors originating in the technology sector. Ten days into October and the Nasdaq 100 Index -- home of Facebook, Apple, Netflix and Alphabet -- has posted a decline that would eclipse any full-month loss during the bull market.