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NEW YORK (CNNMoney) -- Stocks rallied Thursday on better-than-expected U.S. economic readings and Germany's vote of approval for expanding the eurozone's bailout fund.
But the opening strength was short-lived for the technology sector, with the Nasdaq Composite (COMP) flip flopping on either side of breakeven.
Netflix (NFLX) plunged another 9%, bringing its monthly performance to -49%.
Baidu (BIDU) (the biggest Chinese search engine) and Sina (SINA) (the Biggest Chinese social network) lost more than 7% of their market cap this morning on news that the U.S. Department of Justice is assisting a Securities and Exchange Commission. probe of accounting irregularities among U.S. listed Chinese ADRs.
Shares of Advanced Macro Devices (AMD, Fortune 500) dropped more than 12% to a new 52-week low after the global semiconductor giant lowered its third-quarter revenue guidance due to slowing demand.
These are some of the popular themes on StockTwits, Thursday:
JBTrades: Will $NFLX ever find a bottom?? Remember when the CEO used to say anyone who shorted their stock was plain crazy?? Not anymore.
ReformedBroker: Netflix looks like they went subtitles-only with their film inventory $NFLX
lamonicabuzz: Germany may need to approve bailout for $AMD too. Chipmaker guts forecasts, cites production problem at Dresden plant. Down 11% pre-market.
VonTrading: Chinese internet stocks $BIDU $SINA $YOKU $DANG all lower by large amounts on DOJ investigation into chinese accounting fraud
Simpletrade Funds: are loading up on $SINA this morning. To own $SINA now is like own $BIDU in 2008.
bespokeinvest:Weird market so far today. Dow up 200+ but most of the Nasdaq momentum stocks are getting crushed. $$ $PCLN $GMCR $AAPL 
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
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