Tech Stocks , Continue to Plummet, , Stoking Fears of Recession.<br />'Time' reports that the tech sector has suffered <br />deep losses as much of the population returns <br />to work after two years of the pandemic.<br />On May 9, the tech-heavy Nasdaq dipped over 4% after <br />a disappointing April that had the worst monthly <br />performance since the 2008 financial crisis. .<br />On May 9, the tech-heavy Nasdaq dipped over 4% after <br />a disappointing April that had the worst monthly <br />performance since the 2008 financial crisis. .<br />According to 'Time,' the slump has erased trillions of dollars in market value as investors dump shares across the spectrum of the tech industry. .<br />On May 11, shares of Amazon <br />were trading 40% below the company's <br />52-week high of $3,773.08.<br />On May 11, shares of Amazon <br />were trading 40% below the company's <br />52-week high of $3,773.08.<br />Shares of Apple also have dropped 15% since January <br />2022, while Facebook's parent company, Meta, has <br />seen its stock price drop 47% since September.<br />Shares of Apple also have dropped 15% since January <br />2022, while Facebook's parent company, Meta, has <br />seen its stock price drop 47% since September.<br />U.S. Treasury Secretary Janet Yellen <br />warned that market turbulence <br />is likely to extend through the summer.<br />There is the potential for continued <br />volatility and unevenness of global growth <br />as countries continue to grapple with <br />the pandemic. Russia’s unprovoked <br />invasion of Ukraine has further <br />increased economic uncertainty, Janet Yellen, U.S. Treasury Secretary, via 'Time'.<br />There is the potential for continued <br />volatility and unevenness of global growth <br />as countries continue to grapple with <br />the pandemic. Russia’s unprovoked <br />invasion of Ukraine has further <br />increased economic uncertainty, Janet Yellen, U.S. Treasury Secretary, via 'Time'.<br />According to 'Time,' there are three primary factors driving the downward trajectory of tech stocks. .<br />The plunge is the result of falling earnings, <br />rising interest rates and concerns regarding <br />the future outlook of the economy.<br />The plunge is the result of falling earnings, <br />rising interest rates and concerns regarding <br />the future outlook of the economy.<br />The entire U.S. economy is about <br />to shut down again, but this time <br />it won’t be a dress rehearsal <br />like with [COVID-19], Peter Schiff, CEO and chief global strategist <br />at Euro Pacific Capital, via 'Time'
