However, the same names have been susceptible to steep declines during periods of heavy selling as investors rotate into safer investments like bonds. Microsoft fell 5.4 percent, in addition to Apple dropped 4.6 percent. Amazon, which can be not a constituent of the S&P tech index, fell 6.2 percent, in addition to Alphabet declined 4.6 percent.
The worst tech performers today are some of the year’s best performers. AMD, which has climbed almost 150 percent in 2018, fell 8.2 percent on Wednesday, the biggest loser from the index. Intuit, Salesforce in addition to Nvidia each dropped more than 7 percent, in addition to are still up over 25 percent for the year.
— CNBC’s Ari Levy contributed to This specific report.