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.

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

EBAY Chart

EBAY data by YCharts

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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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