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Popular Retirement Funds Are Getting Hammered as Tech Stocks Plunge

Many of the largest 401(k) funds are down 13% or more this year

Bloomberg business news
The Triple Threat Facing Tech Stocks
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Anyone who dares peek at their 401(k) can see the carnage: Many popular funds in workplace retirement savings plans are down more than 13% so far this year. Some are even in, or approaching, bear market territory. 

Many of the retirement funds are, unsurprisingly, growth-oriented and heavy on on mega-cap tech stocks such as Inc., which plunged 14% Friday after the e-commerce giant reported a quarterly loss and said it may lose money again in the current period.