
NEW YORK—U.S. stocks fell Thursday, led by the technology sector as investors registered their disappointment with Apple's new tablet device. Worse-than-expected reports on jobs and durable goods also weighed. European Pressphoto Agency Media get a hand on demo of the iPad during an Apple event Jan. 27. Technology stocks are own on Thursday. The Dow Jones Industrial Average was down 159 points, or 1.5%, to 10079 in recent trading. The decline marks the Dow's first time below 10100 since November. American Express was Dow's measure's worst performer, off 4.2%. Diversified manufacturer 3M dropped 3.5%, despite a 74% surge in its fourth-quarter profit, better than Wall Street analysts had forecast, and a boost to the company's 2010 earnings outlook. The Dow's technology components were also particularly weak. Hewlett-Packard fell 3.4%, Intel slipped 2.3% and Cisco dropped 2.2%. Procter & Gamble was one of the Dow's few gainers. Its shares climbed 2% after the consumer products company's quarterly earnings came in above estimates.
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