Stocks Plummet to Worst Week Since April Amid Fears of Overvalued Tech Sector

US stocks are heading for their worst week since April, with the Nasdaq Composite down over 2%. Investors are focused on valuations, whether to buy the dip, and the outlook for Fed cuts. The S&P 500 and Dow Jones Industrial Average are also down, with the Nasdaq 100 experiencing its worst weekly performance since the tariff-fueled sell-off in April. Tech stocks have led the losses, with Palantir, Nvidia, AMD, Broadcom, and Meta down significantly.