Bank technology stocks nosedived last week as investors searched for safe havens amid unfavorable corporate earnings reports and anticipation of a Federal Reserve rate hike.

"The entire technology sector is very weak," said Gregory M. Gould, an analyst for Goldman Sachs & Co., New York.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.