Monthly Monitor: The average U.S.-stock fund fell 8.6% for the month and is down 14.1% so far this year.
Unplugged. Tech stocks absorbed a long-awaited decline in April, damaging mutual funds and exchange-traded funds that had enjoyed their run-up. Some investors hope it’s just a needed pause after a strong run for stocks of software, social-media and other tech companies that sent growth-stock funds soaring. As April ended, the tech-focused Nasdaq Composite Index had logged its weakest month since 2008: down 13%.