Disappointing results at Visa, Amazon dent stocks
By Associated Press
Jul 25, 2014 11:20 AM CDT
The New York Stock Exchange is shown, Monday, July 15, 2013 in New York. European stock markets were down Friday, July 25, 2014 while Asian markets took cheer from U.S. unemployment claims falling to an eight-year low. (AP Photo/Mark Lennihan)   (Associated Press)

NEW YORK (AP) — The stock market is falling in midday trading after Visa and Amazon posted weaker results than Wall Street expected.

The Dow Jones industrial average lost 127 points, 0.8 percent, to 16,956. The Standard & Poor's 500 index fell eight points, or 0.4 percent, to 1,979. The tech-heavy Nasdaq composite dropped 25 points, or 0.6 percent, to 4,446.

Amazon's stock slumped $38.11, or 11 percent, to $320.50 after the online retail giant posted a wider loss than analysts had forecast. The stock slid the most in the S&P 500 index.

The Dow was dragged down by Visa, which fell $9.53, or 4.3 percent, to $213.21. The credit card processing giant reported an 11-percent rise in quarterly profit but cut its full-year forecast on concerns about overseas growth.