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 * Markets
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TECH ROUT DRAGS NASDAQ TO WORST MONTH SINCE 2008


TECH-HEAVY INDEX SLID MORE THAN 4% FRIDAY, BRINGING ITS LOSSES FOR MONTH TO 13%

TRADERS WORKING ON THE FLOOR OF THE NEW YORK STOCK EXCHANGE. FRIDAY’S STOCK
LOSSES CONTINUE A VOLATILE STRETCH FOR MAJOR INDEXES, AND TECH SHARES IN
PARTICULAR.

Photo: BRENDAN MCDERMID/REUTERS
By
Gunjan Banerji and
Caitlin Ostroff
Updated April 29, 2022 5:33 pm ET

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An April rout in technology stocks deepened Friday, dragging the Nasdaq
Composite to its worst monthly performance in more than a decade, as soaring
inflation and rising interest rates fanned worries of a recession.

The broad selloff has erased trillions of dollars in market value from the
tech-heavy gauge, with investors souring on shares of everything from software
and semiconductor companies to social-media giants.

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