Why are almost all tech stocks in a deep bear market right now?
A huge number of Wall Streets technology stocks have already fallen into bear market territory after losing massive amounts from their record highs. Coinbase (NASDAQ: COIN) has fallen 69% from its all-time high. Oracle (NYSE: ORCL) and Salesforce (NYSE: CRM) have each lost 57%. ServiceNow (NYSE: NOW) is down 56%. Netflix (NASDAQ: NFLX) and Palantir (NASDAQ: PLTR) have both dropped 48%. Microsoft (NASDAQ: MSFT) has declined 37%, Meta Platforms (NASDAQ: META) 32%, Arm Holdings (NASDAQ: ARM) 27%, Broadcom (NASDAQ: AVGO) 26%, Marvell Technology (NASDAQ: MRVL) 20%, Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) 19%, Alphabet (NASDAQ: GOOGL) 17%, CrowdStrike (NASDAQ: CRWD) 15%, Apple (NASDAQ: AAPL) 14%, and Taiwan Semiconductor (NYSE: TSM) 12%. Investors continue dumping technology stocks across global markets Today, the Nasdaq Composite finished lower for a fifth straight trading day as investors kept pulling money out of technology stocks and putting it into sectors seen as safer. By the closing bell, the Nasdaq Composite had slipped 0.24% to 25,297.62. The S&P 500 eased 0.05% to 7,354.02. The Dow Jones Industrial Average lost 44.51 points, or 0.09%, ending at 51,876.11. For the week however, the S&P 500 gave up almost 2%, the Nasdaq fell 4.6%, and the Dow moved the other way and added









