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Tech Stocks Lose $1.8 Trillion in a Month Thanks to Fed

  • Nasdaq 100 Index posts worst start to the year since 2002
  • Earnings, rate-hike expectations have made for volatile month
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For tech investors, it’s been the worst start to the year in two decades. And with another hike in the Federal Reserve’s interest rate seen next week, they are bracing for more volatility.

The Nasdaq 100 Index has been hammered this year -- wiping out more than $1.8 trillion in value in April alone -- amid a tumultuous earnings season as investors fear an economic slowdown and ever-more aggressive expectations around the Fed’s rate-hike trajectory.