Tech stocks just had their worst week since the April tariff selloff. Why it’s about time.

Core Insights - The tech sector experienced its largest weekly decline since April, with the S&P 500 Information Technology Sector Index down 4.2% in the first week of November [2][3][4] - Despite the recent pullback, tech remains the best-performing sector in the S&P 500 for the year, following a significant rally over the past six months [5][6] Market Performance - The Technology Select Sector SPDR Fund lost approximately 4.2% for the week, mirroring the decline in the broader tech sector [2] - The Nasdaq-100 has seen a nearly 60% increase from its April low to its recent high, indicating strong performance prior to the current selloff [6] Individual Stock Movements - Major tech stocks like Microsoft and Meta both saw declines of about 4% this week, despite reporting earnings that exceeded expectations [7] - High-growth stocks faced even steeper losses, with Palantir Technologies dropping over 11% for the week, and Nvidia down 7% ahead of its earnings call [8]