Long-duration stocks get hammered on speculation that rate hikes will reduce the appeal of the highl

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Long-duration stocks get hammered on speculation that rate hikes will reduce the appeal of the highly valued industry that has powered the bull market in equities. Non-Profitable Tech comps plunge 5.4%, Tech w/ultra-high valuations ~5% lower. Nasdaq 100 drops 2.6% most since Sep. h/t Holger Zschaepitz

Long-duration stocks get hammered on speculation that rate hikes will reduce the appeal of the highl

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