It’s been a difficult year for the U.S. stock market and in particular its biggest tech names.
The latest slump Thursday only solidified just how bad things have been. This time it was driven by strong economic data, which renewed concerns the Federal Reserve will stay hawkish, as well as chip maker Micron’s downbeat outlook. Billionaire hedge fund manager David Tepper saying he’s “leaning short” on the stock market didn’t help either.
