The technology sector suffered a broad selloff in early trade Tuesday, mirroring a broader market selloff. GoPro Inc. led the decliners, tumbling nearly 8% shortly after the open. Shares of Microsoft Corp. fell more than 3%, while Netflix Inc.’s slid more than 4%. The tech-heavy PowerShares QQQ Trust fell 1.9%, while the Technology Select Sector SPRD Fund declined 2%. Meanwhile, the Dow Jones Industrial Average, of which Apple Inc. , Intel Corp. . IBM , Cisco Systems Inc. and Verizon Communications Inc. are members, dropped more than 300 points.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News