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The technology sector pulled the rest of markets into the red on Thursday, Sept. 21, as Apple Inc. (AAPL) - Get Free Report continued to deal with the fallout from a tech glitch in its latest product. 

Apple tumbled on Wednesday, Sept. 20, after connectivity issues with its Series 3 Watch came to light. The Series 3's biggest selling point has been that it is the first of its kind that has built-in cellular capabilities, meaning it doesn't have to be tethered electronically to a cellphone to operate on the network.

A reviewer from The Verge said the watch had "notable connectivity issues" and appeared to connect to unknown Wi-Fi networks instead of operating on LTE when out of range from the user's phone as advertised.

Apple has pulled back significantly from its Tuesday, Sept. 12, press event where it unveiled the new Apple Watch and the next-generation iPhone, including a model with a $1,000 price tag. Apple shares tend to drive higher in anticipation of a press event and then retreat. Since the Tuesday event, shares have dropped roughly 5%. 

Apple shares were down more than 1% on Thursday. Other tech stocks including Inc. (AMZN) - Get Free Report , Micron Technology Inc. (MU) - Get Free Report , Alibaba Group Holding Ltd. (BABA) - Get Free Report and Broadcom Ltd. (AVGO) - Get Free Report moved lower. The Technology Select Sector SPDR ETF (XLK) - Get Free Report declined by 0.5%.

Apple and Broadcom are holdings in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio.Want to be alerted before Cramer buys or sells AAPL or AVGO? Learn more now.

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