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Retail investors’ tech-stock buys reach eight-year high: ‘I missed out on Amazon and Netflix when they were cheap’
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Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.
The Nasdaq Composite Index — home to the big tech stocks that propelled the market’s decade-long rally — has fallen 21% in 2022. Shares of Amazon and the parents of Google and Facebook have suffered double-digit declines as well, stung by higher interest rates and souring attitudes about their growth prospects.
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