Tech stocks face another 10% drop or more as rampant U.S. inflation eats into profits

According to Bloomberg’s MLIV Pulse survey of professional and retail investors, the great stock selloff of 2022 is far from over as investors in tech stocks brace for earnings misses due to U.S. inflation running at forty-year highs that may spur a more than 10% plunge in the Nasdaq 100.Nate Lanxon and Heather Burk for Bloomberg News:More than two-thirds of 914 respondents in the MLIV Pulse survey think profits of the technology companies will disappoint the market throughout 2022. Firms