Technology shares lead a slump in US stocks; Apple sinks

U.S. stocks moved lower in morning trading Wednesday, weighed down by disappointing quarterly results from several big technology companies including Apple and Microsoft. A report indicating U.S. home sales surged last month helped lift homebuilder stocks.

KEEPING SCORE: The Dow Jones industrial average fell 73 points, or 0.4 percent, to 17,845 as of 11:24 a.m. Eastern Time. The Standard & Poor's 500 index slipped four points, or 0.2 percent, to 2,114. The Nasdaq composite lost 36 points,...

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