US STOCKS-Apple, other tech stocks weigh on Wall St

miércoles 22 de julio de 2015 15:15 GYT

* Apple slumps after revenue forecast misses expectations

* Microsoft, Yahoo lower after results disappoint

* Housing stocks climb after home sales data

* Indexes down: Dow 0.36 pct, S&P 0.16 pct, Nasdaq 0.55 pct (Updates to late afternoon)

By Chuck Mikolajczak

July 22 (Reuters) - Wall Street declined on Wednesday as the technology sector fell on disappointing results from giants including Apple, but major indexes were off earlier lows.

Apple shares slumped 4.6 percent to $124.80, a day after the iPhone maker's revenue forecast for the fourth quarter fell below expectations, putting the stock on track for its biggest percentage drop since January 2014.

The world's largest publicly-traded company was the biggest drag on all three major indexes and contributed nearly 40 points to the Dow's overall decline. The S&P technology sector fell 1.6 percent as the worst performing of the 10 major S&P sectors.

Microsoft dropped 4.2 percent to $45.29 after reporting its biggest-ever quarterly loss, as the company wrote down its Nokia phone business and demand fell for its Windows operating system.   Continuación...