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6d ago Crypto ca.finance.yahoo Views: 30

(Bloomberg) -- Mounting bets that the economy is set to take off later this year have sent a gauge of the stock market’s highest fliers on its longest slump in four months.The tech-heavy Nasdaq 100 fell 2.6% on Monday, weighed down by a rout in some of last year’s best stay-at-home trades and bringing its losing streak to five days. Peloton Interactive Inc. sank 10%, while digital signature company DocuSign Inc. fell 8.2%. Tesla Inc., the biggest gainer in the Nasdaq 100 in 2020, dropped 8.6%.Amid incipient signs of inflation and surging Treasury yields, investors are growing concerned sky-high valuations for some technology companies could be hard to justify.The Nasdaq 100 has fallen 4.2% over the five-day span, the longest-consecutive streak of losses since Oct. 19.(Updates shares beginning in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. -

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