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Technology ETF suffering biggest one-day drop in 7 years

Tomi Kilgore

The technology sector is the weakest of the S&P 500's 11 key sectors, with the SPDR Technology Select Sector ETF tumbling 4.5% toward the biggest one-day decline since August 2011. Of the ETF's 65 equity components, only Symantec Corp.'s stock traded up, just 0.2%. Of the biggest decliners, shares of Advanced Micro Devices Inc. fell 8.2%, Nvidia Corp. shed 6.9% and Saleforce.com slid 6.8%. The technology-friendly Nasdaq 100 gave up 3.9% while the S&P 500 dropped 2.8%.