Meta, Nvidia pummelled in tough week for Nasdaq


A man walks past the Nasdaq MarketSite in New York's Times Square

NEW YORK: Investors betting that the worst is over for battered technology stocks got a painful reminder last week that there’s more gloom in store.

The Nasdaq 100 Stock Index sank 5.8% in its worst week since January, after an inflation report on Tuesday suggested prices could stay higher for longer than anticipated.

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