All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 179 points (1.1%) at 16,237 as of Wednesday, Sept. 2, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,904 issues advancing vs. 1,084 declining with 156 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.8%. A company within the sector that fell today was America Movil SAB de CV ( AMOV), up 1.3%. Top gainers within the sector include NTT DoCoMo ( DCM), up 2.5%, Taiwan Semiconductor Manufacturing ( TSM), up 2.6%, Intel ( INTC), up 2.2%, Apple ( AAPL), up 2.1% and Nippon Telegraph & Telephone ( NTT), up 1.8%.

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

3. China Telecom ( CHA) is one of the companies pushing the Technology sector lower today. As of noon trading, China Telecom is down $0.64 (-1.3%) to $49.13 on light volume. Thus far, 18,985 shares of China Telecom exchanged hands as compared to its average daily volume of 62,700 shares. The stock has ranged in price between $49.03-$49.99 after having opened the day at $49.99 as compared to the previous trading day's close of $49.77.

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China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. China Telecom has a market cap of $42.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 24.9. Shares are down 15.2% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate China Telecom a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full China Telecom Ratings Report now.

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2. As of noon trading, Telefonica ( TEF) is down $0.30 (-2.2%) to $13.33 on heavy volume. Thus far, 2.4 million shares of Telefonica exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $13.31-$13.53 after having opened the day at $13.51 as compared to the previous trading day's close of $13.63.

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Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Telefonica has a market cap of $65.5 billion and is part of the telecommunications industry. Shares are down 4.1% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Telefonica a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Telefonica as a buy. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Telefonica Ratings Report now.

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1. As of noon trading, ABB ( ABB) is down $0.26 (-1.4%) to $18.65 on average volume. Thus far, 1.1 million shares of ABB exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $18.61-$18.94 after having opened the day at $18.92 as compared to the previous trading day's close of $18.91.

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ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $42.9 billion and is part of the industrial industry. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 24.9. Shares are down 10.6% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates ABB a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ABB 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 and notable return on equity. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ABB Ratings Report now.

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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).