NEW YORK, April 25 (Reuters) - U.S. stocks fell on Friday as disappointing results from Microsoft Corp (MSFT.O: Quote, Profile, Research) weighed on the technology sector and a sharp rise in the price of oil hit industrial shares.
Crude oil futures rose above $119 per barrel after the U.S. Navy provided details of an encounter between a cargo ship chartered by the U.S. military and two small boats believed to be Iranian. For details see [ID:nN25305335]. A report on Iranian television said there was no confrontation.
Shares of heavy equipment maker Caterpillar Inc (CAT.N: Quote, Profile, Research) declined 0.6 percent to $81.34 on the New York Stock Exchange.
http://www.reuters.com/article/usMktRpt/idUSN2515620320080425
I find it extremely impressive and rather encouraging that an entire market can decline on the stock news of Microsoft.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment