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Rally or not, these industries are in a correction

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Stocks may be rallying Wednesday, but there are still plenty of industries that have lost substantial ground.

At least eight industry groups in the S&P 500 are currently in correction territory, meaning they are off 10 percent or more from their highs.

Read MoreStocks rise before Fed

Industry Name Last % Off 52WK H 52Wk H Date Companies within
S&P 500 / Internet & Catalog Retail - IND 1662.3317.12%5-Mar-14NFLX TRIP PCLN AMZN EXPE
S&P 500 / Leisure Equipment & Products - IND104.6715.15%30-Dec-13HAS MAT
S&P 500 / Internet Software & Services - IND355.2512.99%5-Mar-14GOOGL GOOG YHOO FB VRSN AKAM EBAY
S&P 500 / Personal Products - IND451.1313.00%21-May-13EL AVP
S&P 500 / Construction & Engineering - IND286.6411.62%22-Jan-14FLR PWR JEC
S&P 500 / Biotechnology - IND2843.0610.40%24-Feb-14VRTX AMGN CELG GILD BIIB ALXN REGN
S&P 500 / Diversified Consumer Services - IND62.7510.21%25-Feb-14HRB GHC
S&P 500 / Automobiles - IND115.810.10%16-Dec-13F HOG GM

Internet stocks and biotech names lead the group, along with some consumer sectors.