NEW YORK — Stocks are getting off to a weak start on Wall Street after more weakness in technology companies.
Weakness in tech, materials companies drag US stocks lower in early trade
July 26, 2013 at 1:55PM
The early decline Friday is putting the market on track for its first weekly loss this month.
The Dow Jones industrial average fell 75 points, or 0.5 percent, to 15,481 in the first few minutes of trading.
The Standard & Poor's 500 index fell six points, or 0.4 percent, to 1,683. The Nasdaq composite fell 13 points, or 0.4 percent, to 3,592.
Amazon fell 1 percent to $300.60 after reporting a surprise loss late Thursday.
Expedia plunged 27 percent to $47.62 after the online travel agency reported that second-quarter profit fell by one-third and badly missed Wall Street expectations.
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But participants in the annual Investors Roundtable also believe markets will end the year with growth, as President-elect Donald Trump’s policies come into focus and trends like AI continue.
