You are here: Home » Reuters » News
Business Standard

Tech, healthcare stocks weigh on Wall Street

Reuters 

By Amy Caren Daniel(Reuters) - U.S. stock indexes were lower on Friday as weak earnings reports from Intel and Twitter dragged on the technology sector and as healthcare stocks were pressured by a clutch of disappointing earnings.Intel sank 8.9 percent after its fast-growing data center business missed estimates amid faced stiff rivalry from Advanced Micro Devices. AMD rose 0.7 percent.Twitter's shares plunged 19.4 percent after reporting fewer-than-expected monthly active users and warning of further drops as it deletes phony accounts.The technology sector fell 2.48 percent, the most among ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, July 27 2018. 22:44 IST
RECOMMENDED FOR YOU