Updated from 1:00 p.m. EDT with new stock prices
Exchange-traded funds tracking technology names were among the worst performers of a losing session Wednesday, following sharp declines for shares of Amazon.com (AMZN Quote), Altera (ALTR Quote) and Broadcom (BRCM Quote).
After the previous close, Internet retailer Amazon.com beat third-quarter forecasts by a penny as revenue jumped 41% from a year ago. However, gross margin declined when compared with the second quarter, and shares were dropping 11.99%.
Bundled securities tracking the Internet sector were sent tumbling. The Internet HOLDRs (HHH Quote) was falling $2.35, or 3.49%, to $64.90. The First Trust Dow Jones Internet Index (FDN Quote) was down 65 cents, or 2.34%, to $27.13. The Internet Infrastructure HOLDRs (IIH Quote) was off 15 cents, or 2.61%, to $5.59. ...
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