U.S. Internet Stocks Getting Crushed

May.16.11 | About: Internet HOLDRs (HHH)

While the Dow and S&P 500 aren't down that much today (as of 3:30 PM ET), technology stocks are getting hit hard -- and it's the Internet stocks that are getting hit hardest.

Below is a six-month chart of the Internet HOLDRs ETF (NYSE:HHH). As shown, the ETF has now given up all of its gains from the breakout to new highs it made a few weeks ago, and is now back below its highs from February as well.

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Below are the top 10 holdings that make up the HHH ETF in order from largest to smallest. As shown, the biggest names (Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Yahoo (NASDAQ:YHOO), and Priceline (NASDAQ:PCLN)) are the ones that are down the most today.