Tech tumbles as broader market retreats over oil concern

"Technology stocks tumbled Monday as the broader market slipped on concern about climbing crude prices," Benjamin Pimentel reports for MarketWatch.

"The Nasdaq Composite Index lost 46.31 points, or 2%, to close at 2,264.2 points. The Morgan Stanley High Tech 35 Index also lost 2% while the Philadelphia Semiconductor Index fell 1.9%," Pimentel reports.

"The tech sector's biggest names were in negative territory," Pimentel reports. "Apple Inc. (AAPL: 154.40, -7.72, -4.8%) and Yahoo Inc. (YHOO: 20.12, -1.01, -4.8%) both lost 4.8%, Google Inc. (GOOG: 477.32, -14.66, -3.0%) was down 3% and Advanced Micro Devices Inc. (AMD: 4.19, -0.17, -3.9%) was behind 3.9%."
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