The tech-heavy Nasdaq 100 index closed Friday’s session down 2.1%, marking the worst day since late October 2023, and the fourth consecutive week of declines, a negative streak not seen since May 2022. On a weekly basis, the Nasdaq 100, which is closely tracked by the Invesco QQQ Trust (NASDAQ:QQQ), tumbled 5.3%, notching its worst performance since October 2022. Chart: Nasdaq 100 Notches Worst Week Since October 2022 What Happened To Tech Stocks? Friday’s downturn echoes an already pessimistic sentiment surrounding U.S. tech stocks. Delays in interest rate cuts, mixed guidance from corporate earnings, and growing geopolitical risks have formed a detrimental environment for tech companies. During the week, Federal Reserve Chair Jerome Powell dismissed the possibility of rate ...