Dow Suffers Worst Day in 7 Months Over Tech Earnings
- 6 years ago
Disappointing earnings have led to a negative impact on tech stocks, which has contributed to the worst day on Wall Street in since May.
According to reports, the Dow Jones industrial Average is down over 500 points.
The biggest drops for the Dow came from the tech sector, with only Amazon reporting a strong fourth-quarter in earnings.
The other big tech stocks floundered, as Apple, Facebook, Google, and Microsoft all had blemishes in their earnings reports.
Oil prices also contributed to market losses on the day, with Exxon falling 5-percent after their earnings report showed they missed revenue expectations.
According to reports, the Dow Jones industrial Average is down over 500 points.
The biggest drops for the Dow came from the tech sector, with only Amazon reporting a strong fourth-quarter in earnings.
The other big tech stocks floundered, as Apple, Facebook, Google, and Microsoft all had blemishes in their earnings reports.
Oil prices also contributed to market losses on the day, with Exxon falling 5-percent after their earnings report showed they missed revenue expectations.