All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 24 points (0.1%) at 17,741 as of Thursday, March 31, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,790 issues advancing vs. 1,130 declining with 157 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include

NTT DOCOMO

(

DCM

), down 3.8%,

Micron Technology

(

MU

), down 3.0%,

Nippon Telegraph & Telephone

(

NTT

), down 2.6%,

Telefonica Brasil

(

VIV

), down 2.2% and

NXP Semiconductors

(

NXPI

), down 1.2%. Top gainers within the sector include

VimpelCom

(

VIP

), up 6.7%,

Xerox

(

XRX

), up 3.3%,

Liberty Interactive

(

LVNTB

), up 2.9%,

China Unicom (Hong Kong

(

CHU

), up 2.0% and

Applied Materials

(

AMAT

), up 1.5%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3.

Telefonica

(

TEF

) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica is down $0.19 (-1.7%) to $11.16 on average volume. Thus far, 1.4 million shares of Telefonica exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $11.14-$11.26 after having opened the day at $11.20 as compared to the previous trading day's close of $11.35.

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Telefonica, S.A. provides mobile and fixed communication services primarily in the European Union and Latin America. Telefonica has a market cap of $55.5 billion and is part of the telecommunications industry. Shares are up 2.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Telefonica a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Telefonica

as a

hold

. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins. Get the full

Telefonica Ratings Report

now.

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2. As of noon trading,

Nokia Oyj

(

NOK

) is down $0.09 (-1.5%) to $5.94 on average volume. Thus far, 8.8 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 15.7 million shares. The stock has ranged in price between $5.89-$6.00 after having opened the day at $5.98 as compared to the previous trading day's close of $6.03.

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Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. Nokia Oyj has a market cap of $21.7 billion and is part of the telecommunications industry. Shares are down 14.1% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Nokia Oyj a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Nokia Oyj

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

Nokia Oyj Ratings Report

now.

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1. As of noon trading,

AT&T

(

T

) is down $0.20 (-0.5%) to $39.16 on light volume. Thus far, 8.7 million shares of AT&T exchanged hands as compared to its average daily volume of 29.0 million shares. The stock has ranged in price between $39.16-$39.57 after having opened the day at $39.42 as compared to the previous trading day's close of $39.37.

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AT&T Inc. provides telecommunications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. AT&T has a market cap of $242.7 billion and is part of the telecommunications industry. Shares are up 14.4% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts that rate AT&T a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

AT&T

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

AT&T Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).