Nasdaq Just Wants to Forget Today. Inflation Hammers Tech Stocks Again. - Barron's
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Updated Dec. 14, 2021 4:36 pm ET / Original Dec. 14, 2021 5:47 am ET
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Tech stocks got pummeled on Tuesday, after another hot inflation number essentially guarantees that the Fed will stop propping up markets—soon.
The tech-heavy Nasdaq Composite dropped 1.1%. The SP 500 fell 0.8% and the Dow Jones Industrial Average fared the best, down 107 points, or 0.3%.
Tech stocks look to be in deeper trouble. The Nasdaq...