Peloton fell below its IPO price, Netflix suffered its steepest drop in a decade, and chip stocks continued to struggle. Add it all up and the Nasdaq just closed out its worst week since the beginning of the pandemic.
At Friday's close, the Nasdaq was down 7.6% for the week, its biggest decline since March 2020, when global markets sank on Covid-19 concerns. It's also the fourth straight weekly drop for the tech-heavy index, the longest losing streak since a similar stretch last…