I'm Dear Drabosa, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. Good Friday morning. Welcome to Tech Check. I'm Carl Kintania with Deerbosa and John Ford. The NASDAQ is trying to recover some losses this morning after falling more than 5% on Thursday, as you know, now down about a quarter of a percent. Actually, the NDX wrestling with going green.

Tech stocks and valuations, Thursday, as you know, now down about a quarter of a percent. Actually, the NDX

wrestling with going green. Tech stocks and valuations, though, as you know, have had lots of

volatility the last 48 hours. Mike Santoli is going to start us off with some perspective as we

try to hold gains for the week on the S&P. Yeah, Carl, a little bit of the pressure being taken

off yields coming in a little bit,

so there's a sort of a buy the dip.

But, you know, as we go down in price, I always want to point out you also go back in time.

The NASDAQ composite over two years.

You see how far we're going back.

I noted that September 1st or second of 2020 number. Here you see below 12,000 on the NASDAQ composite.

So you're within kind of the rounding error of that.

Maybe we'll see if that seat turns out to be something.

Now, of course, a lot of folks also pointing out how many stocks

have retraced all the way back to pre-pandemic levels.

Of course, it's the core COVID beneficiary

stocks. They did it. But even some of the larger names have also done. So take a look at a breakdown

of for the big NASDAQ heavyweights, of course, also huge in the S&P 500. Those that have and haven't

held up. So this goes back to February 19th of 2020, which is essentially right before the stock market

really started to price in COVID. And what you see is a huge divergence. So Apple still a double

just about from that point. Microsoft up almost 50% holding onto it. Those two stocks, Apple, Microsoft,

roughly 13% of the S&P 500. So call it almost one-seventh, one-eighth of the S&P, and they're really doing a lot of work to keep the rest of the market up here. Amazon, 9% up from that point. You see, though, it's really kind of had a rough go lately and maybe has to retrace. And here you have obviously meta, which has its own issues,

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