The technology sector tumbled on Tuesday, dropping as the biggest decliner among S&P 500 sectors and leading the overall market lower. The sector sank 3.5%, dropping in what was set to be its biggest one-day decline since Feb. 8. While the group is one of only two industries to be positive for 2018 — it is up 1.8% on the year, behind only the 2.4% gain of consumer-discretionary stocks — it has struggled of late. The sector has dropped in eight of the past 11 sessions, and two of those positive sessions were gains of less than 0.1%. Thus far this month, it is down 5.3%, the second-worst performer behind financials. Among the biggest drags in the tech sector, Apple Inc. fell 2.9% while Microsoft Corp. was off 4.6%. Both are coming off sharp rallies in the previous session, including Microsoft’s best one-day pop since 2015. Semiconductor stocks also weighed on the group, with Nvidia Corp. off 9.5% and Advanced Micro Devices down 5.1%.
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