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‘Summer Of Pain’: Tech Stocks See Worst Losing Streak Since Dot-Com Bubble

Ben Zeisloft
‘Summer Of Pain’: Tech Stocks See Worst Losing Streak Since Dot-Com Bubble
Michael Nagle/Bloomberg via Getty Images

The technology sector is witnessing its most severe losing streak in over two decades.

The Nasdaq — a technology-heavy stock index — has endured seven weeks of losses, including 3.8% declines during the week of May 16. The drops constitute the worst declines since the dot-com selloff in 2001, according to CNBC.

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