It was a rough day for technology on the stock market yesterday. While the S&P 500 was little changed, the stocks in the tech sector plunged 2.7 percent and at one point was on pace for its steepest decline of the year.
The biggest names got the worst of it. Facebook dropped 3.7 percent, and Netflix fell 5.4 percent. Chip-maker Nvidia — one of the hottest heavyweight stocks this year — fell by more than 7 percent.
If there's a silver lining, it's that yesterday wasn’t the first time that tech and internet stocks suddenly plunged. In June, Apple and Amazon.com were hit for 3.9 percent and 3.2 percent one-day losses, respectively, but they rebounded nicely.
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