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Tech, healthcare stocks weigh on Wall Street

Business Finance


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 ...

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