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TUESDAY, NOVEMBER 24, 2009
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 MARKETS 
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Tech Snaps Nadaq's Streak; Dow Climbs 24

Amazon, Microsoft fall after weak earnings

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(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)
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Altoecko
Jul 24, 09 3:26 PM CDT
I'm rather saddened Amazon lost ground. Happy that Microsoft is being checked though. Reply
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JonmarkP
Jul 24, 09 6:08 PM CDT
Dow up 24-recession over. Reply
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