U.S. technology stocks fell on Friday, hurt by a drop in shares of software maker Microsoft Corp. and Web search company Google Inc. after both companies reported disappointing revenue outlooks, Reuters says.
From [Reuters] :"Blue-chip company Microsoft also weighed on the Dow. But a solid profit from oil-field services company Schlumberger Ltd. lifted energy companies' shares and kept the Standard & Poor's 500 index in positive territory.
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Shares of Microsoft and Google fell on Nasdaq despite posting earnings that beat Wall Street estimates as the companies reported lackluster revenue outlooks. Microsoft shares slipped 2.2 percent to $25.87 and Google dropped nearly 5 percent to $298.65."Funny how the market reacts. I thought Google's forecasts were quite positive when I heard the webcast yesterday.
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