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The U.S. Postal Service today filed a request with the Postal Regulatory Commission (PRC) for a 1.966% rate adjustment based on the Consumer Price Index. This increase applies only to market-dominant products, such as Standard Mail, that is the primary postage class of direct mailers.

USPS has asked that the increase take effect on April 26 and estimates that it will generate an additional $900 million in contribution—or net income—on an annualized basis. Should the PRC agree to meet the Postal Service's timeline, contribution for USPS's fiscal year 2015, which concludes at the end of September, will be around $400 million. The CPI case includes a separate pricing structure for Standard Mail run through the Flats Sequencing System. Under the proposal, FSS pricing will no longer exist for carrier route, high density, or high density plus categories.

In their place a five-digit carrier route pallet price will be created. Rates for Standard Flats will increase by 2.465% Prices of Forever stamps will remain at 49 cents in the new rate base. International letters will increase by a nickel to $1.20 and postcards will go up a penny to 35 cents.

The Shanghai Composite dropped nearly 8% as investors reacted to the ruling, which will prevent the brokers from opening new margin trading accounts for three months.

Shares of two affected brokerages -- Citic Securities and Haitong Securities -- quickly lost 10%, the daily limit for stocks trading in Shanghai. Guotai Junan Securities, the third broker, was trading down more than 10% in Hong Kong. The fallout was limited to stocks trading in China. Japan's Nikkei gained nearly 1%, and most regional indices finished higher.

Deng Ge, a spokesman for the China Securities Regulatory Commission, said the brokers were caught rolling over margin trading accounts for a large number of clients "and had been warned," according to Reuters.

After absolutely dominating the market last year, the technology sector has taken a mighty hit this week, down 3.3%, the same hit the S&P 500 has taken. There is no question that some of the tech leaders may have been the victim of start-of-the-year profit taking to roll 2014 gains in to 2015. In some cases, tax-loss selling may be the culprit to print against those gains. The real question for many investors is simple: Is the tech party starting to wind down?

A new research report from the Information Technology and Hardware analysts at UBS tracks the stocks that are the most overbought and oversold on a relative strength basis. Needless to say, this week’s volatility has skewed numbers for the stocks that were oversold even more. Here are five high-profile technology stocks that showed up on the UBS oversold screen.

IBM’s software unit missed earnings badly last year, and Citrix is poised to grab business in this arena. By reason, some investors could consider that Big Blue may be keeping an eye on the company, looking to strengthen existing business while eliminating a very formidable contender in the space.

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