Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

Tech Snaps Nadaq's Streak; Dow Climbs 24

Amazon, Microsoft fall after weak earnings

By Nick McMaster,  Newser Staff

Posted Jul 24, 2009 3:24 PM CDT

(Newser) – The tech sector exerted downward pressure on stocks today, snapping the Nasdaq’s 12-day winning streak, the Wall Street Journal reports. Microsoft sank 8.9% after reporting a 29% drop in quarterly earnings, while Amazon fell 8.3% after also reporting a disappointing quarter. Alcoa, Pfizer, and Merck helped the Dow climb with modest advances. The Dow gained 23.95 points to close at 9,093.24. The Nasdaq lost 7.64, settling at 1,965.96, and the S&P 500 added 2.97, closing at 979.26.

  • For the week, the Dow gained 4%, the Nasdaq added 4.2%, and the S&P 500 rose 4.1%.

Traders work on the floor of the New York Stock Exchange, Thursday, July 23, 2009 in New York.
Traders work on the floor of the New York Stock Exchange, Thursday, July 23, 2009 in New York.   (AP Photo/Mary Altaffer)
Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Seth Wenig)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Showing 2 of 2 comments
JonmarkP
Jul 24, 2009 11:08 AM CDT
Dow up 24-recession over.
Altoecko
Jul 24, 2009 8:26 AM CDT
I'm rather saddened Amazon lost ground. Happy that Microsoft is being checked though.

More Newser Stories

Nasdaq Hits 11-Year High; Dow Rises 157

Dow Surges 337, Reclaims 12K

Stocks Plunge on Super Committee Failure

Dow Soars 340, May Have Best October Ever

Dow Dives 391


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne