Tech stocks are mired in their longest weekly losing streak since dot-com bust. The Nasdaq dropped 3.8% this week, notching its seventh straight weekly drop.

It’s the tech-heavy index’s longest weekly losing streak since 2001 during the dot-com bust.

The Nasdaq is 29% off its record reached in November, while the S&P 500 briefly fell into bear market territory on Friday, down 20% from its high. Inflation, rising interest rates, the war in Ukraine and pandemic lockdowns in China are adding up to a disastrous market in general and a particularly brutal stretch for investors in technology and growth stocks, after historic rallies in recent years. The Federal Reserve has signaled it will continue to increase rates to fight inflation, leading to concern that higher costs of capital will combine with deteriorating consumer confidence to eat away at profit margins.