Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 17,840 as of Wednesday, Dec. 2, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 879 issues advancing vs. 2,042 declining with 180 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Micron Technology ( MU), down 3.9%, Seagate Technology ( STX), down 3.0%, America Movil SAB de CV ( AMOV), down 2.9%, Telecom Italia SpA ( TI), down 2.6% and Telecom Italia SpA ( TI.A), down 2.4%. Top gainers within the sector include Yahoo ( YHOO), up 7.2%, NetEase ( NTES), up 3.0%, JD.com ( JD), up 2.4%, ServiceNow ( NOW), up 2.3% and Fidelity National Information Services ( FIS), up 1.9%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector lower today. As of noon trading, China Unicom (Hong Kong is down $0.14 (-1.1%) to $12.31 on heavy volume. Thus far, 450,398 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 561,800 shares. The stock has ranged in price between $12.29-$12.42 after having opened the day at $12.42 as compared to the previous trading day's close of $12.45.

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China Unicom (Hong Kong) Limited, an investment holding company, provides telecommunications services in the People's Republic of China. China Unicom (Hong Kong has a market cap of $29.7 billion and is part of the telecommunications industry. Shares are down 7.4% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full China Unicom (Hong Kong Ratings Report now.

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2. As of noon trading, Telefonica ( TEF) is down $0.12 (-0.9%) to $12.18 on heavy volume. Thus far, 3.3 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 $12.16-$12.30 after having opened the day at $12.19 as compared to the previous trading day's close of $12.30.

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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 $59.7 billion and is part of the telecommunications industry. Shares are down 13.4% year-to-date as of the close of trading on Tuesday. 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. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. Get the full Telefonica Ratings Report now.

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1. As of noon trading, HP ( HPQ) is down $0.56 (-4.4%) to $12.18 on average volume. Thus far, 18.2 million shares of HP exchanged hands as compared to its average daily volume of 29.9 million shares. The stock has ranged in price between $12.10-$12.61 after having opened the day at $12.58 as compared to the previous trading day's close of $12.74.

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HP Inc., together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. HP has a market cap of $22.7 billion and is part of the computer hardware industry. Shares are down 35.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate HP a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates HP as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full HP 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).