US STOCKS-Wall St lower as consumer discretionary stocks drag

viernes 25 de abril de 2014 14:33 GYT
 

* Amazon shares fall after results; Visa, Ford also down

* Microsoft edges higher as earnings beat expectations

* Investors concerned over fallout from Ukraine violence

* Indexes down: Dow 0.93 pct, S&P 0.86 pct, Nasdaq 1.76 pct (Updates to mid-afternoon, changes byline)

By Chuck Mikolajczak

NEW YORK, April 25 (Reuters) - U.S. stocks fell on Friday, pulled lower by a decline in consumer discretionary stocks, as bellwether names Amazon.com and Ford Motor fell in the wake of their quarterly earnings.

Amazon was the S&P 500's worst performer, down 9.3 percent, and other high-flying sectors were dropping with it. Social media names were down, with Twitter losing 7.3 percent, and biotechnology shares were again off as investors shied away from riskier sectors.

Still, the S&P 500 was virtually flat for the week with the declines, but remains within two percent of its all-time intraday high.

Amazon fell 9.5 percent to $305.21 after posting a jump in revenue, offset by sharp increases in spending. Ford Motor Co fell 3.2 percent to $15.81 after first-quarter earnings missed expectations, hurt by higher warranty costs in North America.   Continuación...