NASDAQ NOSEDIVE?

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The Nasdaq Composite Index sank 3.1 percent yesterday. The Standard & Poor's 500 Index lost 2.1 percent and gold jumped 1 percent to $1,318.30.

Nasdaq fell the most since 2011 as technology selloff continues. Tech shares were lower this morning, as Internet and social media shares led by Yahoo, Facebook and Twitter dropped at the opening bell. Yahoo YHOO -0.87% shed 2.4% in early trades, while Facebook FB +0.27% gave up 2.3% and Twitter TWTR -1.40% slid nearly 4%.

The Nasdaq Composite Index COMP -0.18% fell 1% to 4,019, on track to end the week down more than 2%.