Technology stocks were badly hurt in Monday morning's selloff, with eBay, RIM and Apple stock down more than 6% within an hour of the market's open.

Even Microsoft, which is sitting on a large cash hoard and has fared relatively well over the past three weeks, was down nearly 4%.

The Nasdaq's Internet Index was down more than 5%, compared to the Nasdaq's overall drop of less than 4%:

Source: Google Finance

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