Stock Market Downturn and Middle East Tensions

Rep. Ami Bera discusses the recent downturn in the stock market and attributes it to a market correction after years of growth. He also mentions rising tensions in the Middle East as a contributing factor.

Tech Stock Market Correction

The Nasdaq 100 Index fell over 10% in just over three weeks, wiping out more than $2 trillion in value, with tech stocks like Nvidia, Tesla, Microsoft, and Amazon leading the decline. Traders are unwinding bets on tech as the market rotates towards more defensive sectors.