I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford, Dear Drabosa, and Julia Borson. Stocks sinking again, although bouncing off of a decline of about 400.

What is dragging down sentiment and tech and some of the names to target at the bottom?

Later on, the headset wars in the Metaverse, what Apple's entry into the market means from meta.

And then later the CEO of VMware will talk some earnings, Broadcom, and the outlook for cloud coming up deep.

We're going to kick off, though, today's feed with a look at big tech.

As some cracks in the armor begin to show, the NASDAQ plunges for the third day in a row, now down more than a percent this morning. Dom Chu, we've been talking about this lately. We talked to Apple. It is leading us to the downside, but we have sort of seen this reversal. Big Tech has held up a little better, especially Apple,

then especially some of the growth of your

names, but over the last week, you've actually sort of seen this reversal. Big tech has held up a little better, especially Apple,

then especially some of the growthier names. But over the last week, you've actually

seen the cracks, as I said, in Big Tech show. And not just that. Those cracks might get even

bigger if the economic narrative holds through the way that it's playing out right now,

because we are back in what seemingly is a good news

is bad news situation the economy is getting better there's more job openings out there could that

mean higher wages inflation could that still be an issue all of those things are playing out in the

market right now and this is the reason why interest rates are heading higher and tech valuations are getting hurt yet

again. If you look at the NASDAQ versus the Dow versus the S&P 500, I've used the ETFs to

illustrate that there on a one-year basis. If you look at the QQQ trust over here on the right-hand

side, it has been perhaps the bigger downside move given all these rate concerns, given the economic

concerns around the Fed raising rates. And if you look at that particular move for the NASDAQ overall,

if you focus in on just the move lower that we've seen over the course of the last week for

the NASDAQ in and of itself, that's when you start to see a little bit more of that weakness

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