Tech's US$900 bil rout is price of earnings becoming ordinary

(Oct 11): Investors enamoured of tech stocks that suddenly seem only to fall are searching for answers. The simplest may be that the group just isn’t that special anymore.

Another earnings season is here and again the whole US stock market feels like it’s at risk of being laid low by tremors originating in the technology sector. Ten days into October and the Nasdaq 100 Index -- home of Facebook, Apple, Netflix and Alphabet -- has posted a decline that would eclipse any full-month loss during the bull market.

---

Related Stories

• Google arguments draw scepticism from judge in ad tech case
• Alphabet ‘materially undervalued’ despite antitrust case against ‘cash engine’ Google Search: Morningstar
• US Justice Department seeks to unwind Google’s Anthropic deal

---