Tech Shares Lead Markets Lower

wochit business
July 19, 2013 AT 11:37 AM
Disappointing earnings from two American technology giants, Microsoft and Google, weighed on markets after a stellar run that has seen Wall Street?s main indexes post a series of all-time highs. The Standard & Poor?s 500-stock index fell 0.2 percent, the Dow Jones industrial average lost 0.3 percent, and the Nasdaq composite slumped 0.9 percent. Stocks around the world have had a solid week, especially after the Federal Reserve chairman, Ben S. Bernanke, indicated that the central bank?s monetary stimulus may remain in place for longer than many in the markets had been predicting.