Why are tech stocks falling?

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The Nasdaq 100 has just recorded its longest losing streak since October, having declined for 5 consecutive days. The tech-heavy index fell 2.63 percent to commence the trading week on a weaker note, in contrast to the Dow Jones index, which inched up 0.09% on Monday.

The Nasdaq 100’s year-to-date climb has also slid below the gains seen in the Dow and the S&P 500 so far in 2021:

Dow Jones: +3.72%
S&P 500: +3.45%
Nasdaq 100: +2.36%

To be clear, the upward trend for the Nasdaq 100 remains intact, even as it looks destined to test its 50-day simple moving… Read More:

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