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

(Bloomberg) — 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.Most Read from BloombergThe 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.The tech-heavy benchmark has seen a close of at least 2% in either direction on about 47% of trading days this month, the highest percentage since March 2020, according to data compiled by Bloomberg.The central bank’s next decision due on Wednesday is likely to make for another rollercoaster ride. It is expec …

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