Selloff Knocked Tech Out of the Sky

Big tech names took a deep dive during the Thursday selloff, but all managed to recover from the lowest lows.
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) -- The Thursday stock wipeout set the altimeter spinning for some big tech stocks before late trading pulled the market out of the nose dive.

In the wake of the record selloff, market observers and news outlets were speculating on the cause of the bloodbath. Some pointed to a

trading error

that may have entered billion instead of million. Others say the computer-generated high-volume trading may have also run amok compounding the selling activity, which sent the Dow Index down nearly 1,000 points mid-afternoon.

The selling frenzy was felt across tech.


(GOOG) - Get Report

plunged 10% to $459.


(CSCO) - Get Report

fell 12% to $23.23.


(HPQ) - Get Report

went down 17% to $41.94,


(AAPL) - Get Report

dropped 21%, falling below $200 to $199.25 briefly. And one of the steepest drops was the 22% fall by


(SIRI) - Get Report

, which hit 89 cents during the darkest hour of the selloff.

After hitting the lows, each of those stocks recovered most of the losses later in the afternoon by the time the market closed.

Google finished down 2%, Cisco down 4%, H-P down 5%, Apple down 4%, and Sirius regained its all-important one dollar level, ending the day at $1.02.

--Written by Scott Moritz in New York.


Wall Street Plunge -- Trade Error?