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April 4, 2014 11:37 pm GMT

Tech Stocks Are Getting Hammered, But Don't Freak Out

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Technology stocks dropped sharply on Friday, with some of the sector's largest companies bearing the brunt of the sell off

Amazon, Google, Facebook and Yahoo were each down more than 4%, while Microsoft shed 3% and Apple was 1.5% lower. LinkedIn and Netflix were each off almost 5%.

See also: GrubHub Delivers Successful IPO as Stock Jumps 50% on Market Debut

The Nasdaq Composite Index, which is made up of more than 3,000 tech companies, fell 2.6%, putting it on pace for its worst day since June 2012. The drop is the latest twist in what is shaping up to be a tumultuous 2014 for the tech index. It is currently off 1.2% since the start of the year. Read more...

More about Nasdaq, Stock Market, Tech Stocks, and Business

Original Link: http://feeds.mashable.com/~r/Mashable/~3/J5lw5w8f6Ac/

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