Tech stocks just had their worst two-week stretch since the start of the pandemic
- The Nasdaq has dropped more than 5% in consecutive weeks, leaving the tech-heavy index in the red for the third quarter.
- Technology stocks rallied to start the quarter, but persistent inflation and cautionary commentary from the Federal Reserve dampened the rally.
- Tech companies that had experienced more than a decade of consistent growth are now signaling cutbacks.
What started off as a third-quarter rebound has turned into a flop for tech investors.
The Nasdaq tumbled 5.1% this …