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Majority of Tech Stocks in Correction Territory

The S&P Tech Sector is the second-worst performing sector of the week, down 3.3 percent week-to-date, according to CNBC analysis.

The sector selloff, which trails only the energy sector in severity, marks worst week since Jan. 30, when the sector lost 4.11 percent. The majority of technology index components — more than 63 percent — are trading down more than 10 percent from yearly highs.

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This article originally appeared on Recode.net.