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"Technology stocks dropped sharply on Friday, with some of the sector's largest companies bearing the brunt of the sell off. \nAmazon, Google, Facebook and Yahoo were each down more than 4%, while Microsoft shed 3% and Apple was 1.5% lower. LinkedIn and Netflix were each off almost 5%.\nSee also: GrubHub Delivers Successful IPO as Stock Jumps 50% on Market Debut\nThe Nasdaq Composite Index, which is made up of more than 3,000 tech companies, fell 2.6%, putting it on pace for its worst day since June 2012. The drop is the latest twist in what is shaping up to be a tumultuous 2014 for the tech index. It is currently off 1.2% since the start of the year.\nThe poor trading did not put a damper on GrubHub's IPO, however, which gained 34%.\nSome market watchers have expressed concern that tech stocks have experienced an overinflation, sometimes known as a bubble, particularly as valuations for private companies continue to increase. \nA index drop of more than 2.5% is alarming \u2014 but important to understand in context. The Nasdaq, including many of the companies listed above, enjoyed a stellar 2013. Even with Friday's drop, the index is up 28% in the past twelve months.\nThe dropoff did not affect only tech stocks. The S&amp;P500, considered the benchmark index and a good proxy for the wider market, fell 1.3%, while the widely-followed Dow Jones Industrial Average, which follows 30 of the largest U.S. companies, dropped 1%.\nThe S&amp;P500 and the Dow are also coming off strong years, up 19.7% and 12.5% respectively. Both indices remain near all-time highs.\nIn other words, keep calm and carry on investing. \nHave something to add to this story? Share it in the comments."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2014/04/04/tech-stocks-hammered/>