<span class="HighlightShare-hidden"></span><div id="ArticleBody-InlineImage-106699201"><div><div><div></div></div><div><div>Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Street in New York City. - US stocks open mixed, Dow -0.4%, Nasdaq +0.1% (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)</div><div>JOHANNES EISELE | AFP | Getty Images</div></div></div></div><div><p>The Nasdaq Composite fell for a fifth straight week, dropping about 1.40% to $12,144.66 over the past five days, wrapping up its longest weekly losing streak since 2012.</p><p>During the past week, the Fed raised interest rates by 0.5%, and warned again of &#34;much too high&#34; inflation, which rattled markets. The Nasdaq dropped over 5% on Thursday, a day after the Fed meeting.</p><div></div><p>The tech-heavy Nasdaq's woes represents a significant shift in investor sentiment towards growth stocks, which consistently rose during 2020 and 2021.</p><p>Inflation concerns, fed hikes, and worries about deteriorating economic conditions affecting consumer spending are forcing investors to reassess some of the most high-flying stocks over the past few years.</p><p>The Nasdaq Composite peaked on Nov. 19 at $16,057.44, and it has lost nearly a quarter of its value since then.</p><p>Some of the biggest falls came from stocks that reported earnings during the week. Lyft fell 36% after providing weak guidance for the current quarter. Bill.com slumped 28% after reporting slowing revenue growth, Cloudflare fell 24% after forecasting a possible loss in the current quarter, and Confluent fell 23% after growth underperformed expectations.</p><p>Some of the top tech companies on the index also fell during the week. Amazon fell over 6% and Microsoft lost just over 1% of its value. Apple stock was up 0.29% at the end of the week after reporting last week that it was more concerned about supply shocks than consumer demand.</p><div></div><p>There have been ten times in the past decade that the Nasdaq Composite has reported a losing streak of at least four weeks. In October and November of 2012, the Nasdaq dropped for six straight weeks.</p><p>The Nasdaq is also on pace for its worst quarterly performance since the last three months of 2018.</p></div><div id="ArticleBody-MobileAdhesion"></div>

NDAQ

<p>During the past week, the Fed raised interest rates by 0.5%, and warned again of "much too high" inflation, which rattled markets.</p>

Nasdaq records first five-week losing streak since 2012