Winners and Losers in Whirlwind $1 Trillion Tech Stock Rout
- Pandemic favorites are among biggest losers this quarter
- Cybersecurity stocks buck selloff amid geopolitical tensions
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Tech stocks’ volatile start to 2022 offers a stark reminder of how harshly Wall Street is punishing the former stars of the pandemic era.
Onetime stay-at-home winners like Etsy Inc., Netflix Inc. and PayPal Holdings Inc. are among the biggest losers in the S&P 500 Index this year. They’re part of a $1.3 trillion wipeout in market value for the Nasdaq 100 Index -- a tide so strong that even megacaps Amazon.com Inc. and Apple Inc. are struggling to stay in the green.