Tech Stocks Suffer Broad Selloff, Again

Shares of consumer technology companies opened largely in the red on Friday mirroring a broader market decline and extending Thursday's losses. Shares of the Technology Select Sector SPRD Fund , whose biggest holdings include Apple Inc. , Microsoft Corp. , AT&T Inc. , Facebook Inc. , Verizon Communications Inc. , Google Inc. and IBM , fell 1% in morning trade. Shares of Apple opened at their lowest level since Jan. 23 and were down 0.7% to $111.84 in recent trade. Those of Facebook opened at their lowest level since July 10 and fell 3.5% to $87.73 in recent trade. The broader Dow Jones Industrial Average was down more than 140 points.