Why eBay (EBAY) Stock is Down Today

NEW YORK (TheStreet) -- eBay  (EBAY) dipped on Friday as the tech sector was hit hard throughout the day.

The Dow and S&P 500 rallied in the morning to hit new intraday highs, but investors quickly turned on tech stocks and Facebook  (FB), Netflix  (NFLX), and Amazon  (AMZN), among other tech stock, suffered.

The Nasdaq  (QQQ) as a whole took a beating throughout the day and had fallen nearly 2.4% just before 3:30 p.m.

eBay was down 0.77% to $54.16 at 3:24 p.m.

Must Read: Jim Cramer: Looks Like 2000 Is in Play

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EBAY Chart

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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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