This afternoon, Apple Inc (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) are leading the declines in the technology sector. These two tech giants are trading lower by more than 1.25 percent. In fact, GOOG stock is declining lower by 2.25 percent which is even worse. Apple Inc is the more important stock due to its massive stock market capitalization in the tech sector. Short term traders can watch for intra-day support around the $572.75 and $569.00 levels.
Some other leading technology stocks that are coming under selling pressure include F5 Networks Inc (NASDAQ:FFIV), Netflix Inc (NASDAQ:NFLX), and salesforce.com Inc (NYSE:CRM). All of the stocks mentioned are weighing on the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) which is lower by 1.28 percent today.