Mario Tama/Getty Images
- The Nasdaq Composite fell by over 2% last week.
- Mixed inflation data and tumbling semiconductor stocks dragged it lower.
- For the first time in 2023, the tech-heavy index has posted losses two weeks in a row.
US tech stocks are now on their longest losing streak of the year, with mixed inflation data and tumbling semiconductor stocks leading to a disappointing start to August for markets.
The Nasdaq Composite has fallen over 2% each of the past two weeks — the first time it's posted losses for two weeks in a row since December 2022, according to data from Refinitiv.