Netflix (NASDAQ:NFLX), Nokia (NYSE:NOK), Nvidia (NASDAQ::NVDA), Hewlett-Packard (NYSE:HPQ) all fell as the market continues to correct and concerns over Middle East unrest weigh heavily on the market.
U.S. stocks dropped for a second straight session on Wednesday as Libya's violence sent oil prices up briefly to $100 a barrel and tech shares sank, adding credence to calls for a market correction.
Oil futures jumped to their highest since October 2008 amid worries about supply disruptions in Libya, a top oil producer. Late in the day, oil eased off the day's highs, helping stocks trim losses.
The day's (Wednesday) drop follows a 2.1 percent decline in the S&P 500 on Wednesday, and the second straight session of above-average trading volume. However, since a modest correction is expected, investors at this point are taking the declines in stride.
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