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Nasdaq 100 Loses $1 Trillion in Value — Again

  • Rising bond yields, economic concern weighs on tech benchmark
  • Chip stocks punished as China lockdowns hit supply chains
Meta, PayPal Blindside Bullish Analysts Who Saw Only More Growth
Photographer: Michael Nagle/Bloomberg
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The Nasdaq 100 Index lost more than $1 trillion in market value in the past four sessions. Its roller-coaster ride may have just begun.

The tech-heavy benchmark now has seen more than $1 trillion evaporate from peak to trough every month this year, as tighter monetary policy and surging bond yields ignite concern among investors that the economy is headed for a recession.