Dow Falls 56 Despite Jump in GDP

Microsoft falls 4.5% despite strong profits
By Nick McMaster,  Newser Staff
Posted Jan 29, 2010 3:21 PM CST
Dow Falls 56 Despite Jump in GDP
Specialist Michael Sollitto works on the floor of the New York Stock Exchange, in this March 2, 2009 file photo.   (AP Photo/Richard Drew, File)

Stocks saw losses today as investors proved unmoved by the striking 5.7% jump in GDP for the second quarter. Microsoft led a broad decline in tech stocks despite reporting strong growth in quarterly profits, the Wall Street Journal reports.

  • The Dow fell 53.13 points to close at 10,067.33.
  • The Nasdaq lost 31.65, closing at 2,147.35.
  • The S&P 500 dropped 10.66 to settle at 1,073.87.
(More Dow Jones stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X