US STOCKS-Wall St ends lower as tech stocks weigh

miércoles 22 de julio de 2015 16:32 GYT
 

* Apple slumps after revenue forecast misses expectations

* Microsoft, Yahoo lower after results disappoint

* Housing stocks climb after home sales data

* Indexes down: Dow 0.38 pct, S&P 0.24 pct, Nasdaq 0.7 pct (Updates to market close)

By Chuck Mikolajczak

July 22 (Reuters) - Wall Street declined for a second straight session on Wednesday as the technology sector fell on disappointing results from giants including Apple.

Apple shares slumped 4.3 percent to $125.14, a day after the iPhone maker's revenue forecast for the fourth quarter fell below expectations, 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 37 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 fell 3.7 percent, its biggest percentage drop since January, to $45.54 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...