While you were sleeping: Apple, Microsoft falter

Wed, 22 Jul 2015

By Margreet Dietz July 23 (BusinessDesk) - Wall Street moved lower after Apple and Microsoft posted earnings that fell short of expectations, leaving investors wondering about the recent tech rally that had pushed the Nasdaq to fresh records. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.4 percent, the Standard & Poor’s 500 Index shed 0.2 percent, while the Nasdaq Composite Index retreated 0.6 percent. "We stepped right into the beginning of this week with IBM disappointing, followed by Microsoft, Appl...

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