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One tech stock bucked the trend today and finished ahead - Trip Advisor

  • TripAdvisor was one of two stocks on the S&P 500 - and the only tech stock - that closed up on Monday when both the Dow Jones industrial average and S&P 500 suffered record losses.
 CEO and Co-founder of TripAdvisor Stephen Kaufer
Boston Globe | Getty Images

Despite record declines causing the S&P 500 to fall 4.1 percent, one lone tech stock ended the day on a positive note: TripAdvisor.

TripAdvisor closed up 3.7 percent, though the stock overall has declined 32 percent year-over-year. It was one of only two stocks on the S&P 500 to rise on the day. Church and Dwight closed up 2.4 percent.

The Dow Jones industrial average suffered its largest single-day point drop on Monday, going down almost 1,600 points before closing down 1,175. The S&P also experienced its biggest one-day decline since August 2011, closing down more than 7 percent down from the all-time high it set in January and below its 50-day moving average.

Despite TripAdvisor's gains today, the company has been suffering from increased competition from AirBnB. TripAdvisor is the worst-performing tech stock in S&P 500 over the past year. The company missed analyst revenue projections during its latest earnings report in November, as well as saw revenue per hotel shopper decline 11 percent year-over-year.