Stocks fall for a fourth day as tech profits slump - WAOW - Newsline 9, Wausau News, Weather, Sports

Stocks fall for a fourth day as tech profits slump



Stocks are dropping for the fourth straight day following a profit slump at technology companies and a steep decline in oil prices.

   The Dow Jones industrial average fell 83 points to close at 12,653 on Tuesday. The Standard & Poor's 500 was down 11 points at 1,341. It was the longest slump for the S&P since May 18.

   The Nasdaq composite index fell 29 points to 2,902.

   Chip maker Advanced Micro Devices fell sharply after reporting that a slowdown in China and Europe led to an 11 percent drop in second-quarter revenue.

   Oil fell $2 to $84 a barrel. Major energy companies fell as a result.

   Two stocks fell for every one that rose on the New York Stock Exchange. Volume was lighter than average at 3.4 billion shares.


Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WAOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Chief Engineer Russ Crass at 715-842-2251. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at