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Will the Tech Stock Plunge Bleed to Startups?

The sudden turn, tied to a broader stock market selloff, threatens to derail a six-year rally.

Photobank gallery / Shutterstock

Tech last week was a sea of red.

The Nasdaq 100 had its worst week since 2011. All 100 of its members fell, and about two-thirds of the index dropped by at least 5 percent.

The sudden turn, tied to a broader stock market selloff, threatens to derail a six-year rally, including five years of double-digit gains. The Nasdaq 100 is now down for the year.

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This article originally appeared on Recode.net.