The Nasdaq Composite Index continues its selloff with an Advance/Decline Ratio of 3:4 intraday. Most of the decline is due to the continued selling of high-beta or momentum stocks, which is a trend that has been pointed out by many analysts. Some of the biggest losers are Facebook (FB), Amazon (AMZN), Priceline.com (PCLN), Netflix (NFLX), Tesla Motors (TSLA) and Twitter (TWTR). One reason NFLX is down 3% is due to another NASDAQ stock, Microsoft (MSFT). Microsoft announced it will be introducing its own original content via its Xbox gaming platform. Xbox Originals, as it will be called, will start in June and will include premium dramas, comedies, documentaries, animation, unscripted shows, and live events. MSFT is up 2.5% on the news. AMZN continues to get pummeled, down almost 3% to below $300 a share. Amazon has continued to drop since the e-commerce giant reported in-line earnings last Thursday night. Year to date AMZN is down 24%. Analysts seem to be torn on Twitter ahead of its second set of earnings on Tuesday. This seems to be taking a toll on the stock as it continues its downward trend. TWTR is down almost 4%, trading below $40 a share at one point today. One bright spot continues to be Apple (AAPL). Today AAPL hit a new 52-week high of $592.95 as it continues to soar since it earnings release last Wednesday. Investors are extremely happy about the news of an increased share buyback, higher dividend and seven-for-one stock split. Another reason for the increase in AAPL could be all the fresh rumors regarding the MacBook, iPhone 6, Apple TV and an iWatch. With the DJIA and S&P 500 up on the day this shows that investors are taking profits from their positions in high-beta stocks and moving money to other assets, like the blue chips.