Google, RIM and Other Highfliers Lead the Retreat

The Nasdaq Composite Index sank 7% in three days and ended the week down 6.5%, as highfliers like Google and Apple reversed course midweek and dropped sharply for three straight sessions.

The Nasdaq Composite fell 68.06 points, or 2.5%, to close Friday at 2627.94. It was the Nasdaq's biggest three-day drop in more than five years, as investors fled large tech stocks that had surged in recent months.

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