the republic logo

Technology stocks lead a slight decline on Wall Street after Google, IBM earnings disappoint

Share/Save/Bookmark

Stocks are drifting lower on Wall Street in midday trading, led by a decline in the technology sector after Google and IBM reported disappointing earnings.

UnitedHealth Group also fell in early trading Thursday after its results also fell short of what investors were expecting.

The Standard & Poor's 500 index edged down less than a point to 1,862 as of noon Eastern time. The index rose for the previous three days in a row.

PHOTO: In this photo provided by the New York Stock Exchange Euronext, Carnival Corporation President and Chief Executive Officer, Arnold W. Donald, center, and guests, gather on the podium for the closing bell at the Exchange on Wednesday, April 16, 2014, in New York. Carnival Corporation is headquartered in Doral, Fla; a suburb of Miami. (AP Photo/New York Stock Exchange Euronext, Dario Cantatore)
In this photo provided by the New York Stock Exchange Euronext, Carnival Corporation President and Chief Executive Officer, Arnold W. Donald, center, and guests, gather on the podium for the closing bell at the Exchange on Wednesday, April 16, 2014, in New York. Carnival Corporation is headquartered in Doral, Fla; a suburb of Miami. (AP Photo/New York Stock Exchange Euronext, Dario Cantatore)

The Dow Jones industrial average fell 22 points, or 0.1 percent, to 16,402. The Nasdaq composite was flat at 4,086.

Morgan Stanley rose after reporting better results than analysts had forecast.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.68 percent.

U.S. markets will be closed for Good Friday.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.