Nasdaq on Track for Worst Week in Over a Year

The Nasdaq stock index is heading for its biggest weekly loss in more than 12 months. A sharp sell-off in technology stocks has driven the decline, raising concerns among investors. The drop follows weaker-than-expected earnings reports from several major tech companies. Analysts say rising interest rates and uncertainty over the global economy are also weighing on the market. If the trend holds, the Nasdaq will close the week with its steepest percentage fall since early last year.