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Tech stocks have their worst day since August 2011

Jordan Novet

Alphabet, Amazon, Apple, Facebook and Microsoft — fell more than 4 percent each. Technology stocks got clobbered on Wednesday, suffering their worst day in more than seven years, as concerns over rising interest rates punished the overall market , particularly shares of companies that have been the best performers. Shares of Apple, Microsoft and Amazon are up sharply for the year as investors bet they will continue to deliver strong earnings growth and take market share.