US STOCKS-Wall Street mixed as Alphabet, Microsoft tumble

viernes 22 de abril de 2016 14:16 GYT

* S&P tech sector on track for worst day since Feb

* Microsoft drags on all three indexes

* Indexes: Dow +0.04 pct, S&P -0.12 pct, Nasdaq -0.99 pct (Updates to afternoon)

By Noel Randewich

April 22 (Reuters) - Wall Street was mixed on Friday as disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks and weighed against a surge in oil prices that lifted energy shares.

The S&P technology sector dropped 2.3 percent, on track for its worst daily decline since early February, with Facebook down 2.9 percent and Apple falling 1.1 percent.

Microsoft dropped 6.8 percent, contributing the biggest drag to the S&P 500, and Google's parent Alphabet lost 5.6 percent as investors punished both companies for missing profit and revenue estimates.

Helped by a softer dollar and a recovery in oil prices, the S&P 500 has recovered from a steep selloff earlier this year and is only about 2 percent short of last May's record high.

Wall Street has rock-bottom expectations as companies post their first-quarter results over the next few weeks, with S&P 500 companies on average seen reporting a 7.1-percent fall in profit, according to Thomson Reuters I/B/E/S.   Continuación...