📈 Business
·
CNBC
·
Tech Stocks Suffer Worst Week in Nearly a Year Amid Meta Woes and War Fears
Technology stocks suffered their worst week in nearly a year, driven down by Meta's twin legal defeats and a major selloff in Micron. Rising oil prices fueled by war concerns added to the broad sell-off across the sector. The combination of legal and geopolitical pressures hit investor confidence hard.
Meta's twin legal defeats this week and a big selloff in Micron spurred a drop in technology stocks, which were broadly hit by rising oil prices.