Technical stocks had their worst day this year, as mass sales had caused big drops for some of the world's most valuable companies.
Per Yahoo Finance, the Amazon stock hit 6.15 percent Wednesday, Microsoft dropped 5.43 percent, Google's parental loss was down 5.06 percent, Apple dropped 4.63 percent, and Facebook fell 4.13 percent. Nasdaq, where each of these tech giant shares is listed, fell 4.08 percent.
According to MarketWatch, today's case was the biggest single decline for the S & Ps tech sector since August 2011. The decline of Nasdaq was the largest since Brexit's voice in 2016 and the 832 point in the Dow Jones Industrial Average was the third largest point in its history.
Analysts stated a number of reasons for Wednesday's sales. Some blamed a potentially hackless earnings season ahead while others were concerned with rising interest rates.
Wednesday's stockpile is a continuation of a new trend, as most stock exchanges and major stocks have fallen over the past five or so days. Amazon, Google and Facebook have their inventories fallen more than 10 percent from the last highs in recent weeks.