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High-Flying Tech Stocks Are Bordering on Correction Territory

  • NYSE FANG+ Index is down 9.99% from Nov. 4 closing peak
  • U.S. regulators move a step closer to delisting Chinese firms

The stock-market drubbing is hitting the once-favored technology giants hard. 

A wall of worry, from the omicron coronavirus variant to the Federal Reserve’s signal that it may speed up its withdrawal of stimulus, is driving investors out of technology companies that were once seen as a harbor amid the market storm.