Technology stocks and indexes are experiencing the biggest market tumbles since the dot-com bubble as a pullback intensifies in global financial markets.
During the 11-year bull market, which began in March 2009 and ended at the start of the pandemic-induced selloff in 2020, technology securities led the way. In an era of historically low interest rates and easy money policies, investors were ebullient toward tech, buying everything from social media to cloud computing to video conferencing applications. Once the Federal Reserve intervened in the early days of the COVID-19 public health crisis, slashing rates to nearly zero and injecting the economy with trillions of dollars in liquidity, traders propped up the tech sector to record highs.
