Monday, Jul 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Weak tech earnings pull down stock market

NEW YORK  — Weak earnings from big technology companies are sending stocks lower in midday trading on Wall Street.

The technology sector led the declines today after disappointing results from Google, Microsoft and the chip maker Advanced Micro Devices.

The Dow Jones industrial average fell 33 points, or 0.2 percent, to 15,515 as of midday Eastern Daylight Time.

The Standard & Poor’s 500 fell a point to 1,687.

The technology-heavy Nasdaq composite slid 30 points, or 0.8 percent, to 3,581.

The Dow and S&P 500 pulled back from all-time highs they reached Thursday.

Microsoft plunged 11 percent to $31.50 after the company wrote off $900 million in expected losses on its Surface tablet and reported declining revenue for its Windows operating system.

General Electric rose 5 percent to $24.75 after reporting higher income.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…