Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel

Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq slumped 3.4% this week, bringing its three-week slide to 8.8%. It's the worst performance for the techheavy index over that length of time since September 2022, when the market was in freefall due to soaring inflation and rising interest rates. Since th ...