US Markets

80% of technology stocks are already in a correction, down 10% from their highs

A trader works on the floor of the New York Stock Exchange on August 24, 2015 in New York City.
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Wednesday's stock-market rout ended with 80 percent of technology stocks in correction territory.

As of Wednesday's close, 52 of 65 components in the S&P 500 tech sector were down at least 10 percent from their 52-week high.

Western Digital and Applied Materials finished the day down 49.4 percent and 44.8 percent, respectively, from their one-year highs. HP Inc. and Oracle, meanwhile are down 10.4 percent and 11.4 percent, respectively, from those levels.

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Three experts debate whether the recent tech stock turmoil could continue

Tech has been Wall Street's favorite sector this year as investors bet high-flying stocks like Alphabet and Apple will continue to post strong earnings growth. However, the sector dropped 4.8 percent on Wednesday, its biggest one-day slide since 2011.

The Dow dropped more than 800 points on fears of rising interest rates.

Check out all the tech stocks that are in a correction: