Weakness in tech materials companies drag US stocks lower in midday trading

Weakness in tech, materials companies drag US stocks lower in midday trading by The Associated Press Posted Jul 26, 2013 11:49 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – Stocks are falling in midday trading on Wall Street after more weakness in technology companies.The decline is putting the market on track for its first weekly loss in a month.The Dow Jones industrial average fell 116 points, or 0.7 per cent, to 15,439 shortly before noon Eastern Daylight Time Friday.The Standard & Poor’s 500 index fell 10 points, or 0.6 per cent, to 1,679. The Nasdaq composite fell 13 points, or 0.4 per cent, to 3,592.Expedia plunged 27 per cent to $47.62 after the online travel agency reported that its second-quarter profit fell by a third and badly missed Wall Street expectations.Zynga dropped 16 per cent to $2.93 after the company said it was dropping its plans to pursue online casino-style games. read more