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Stocks Drop on Microsoft, Oil Prices | |
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| Time: 14:41 EST/19:41 GMT | News Source: Reuters | Posted By: Robert Stein | ||
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Stocks slid in midday trade on Tuesday as a downbeat forecast on a slew of technology firms, including Microsoft Corp. , and worries about higher oil prices sent investors toward the exits. "Microsoft is a huge percentage of the market and viewed as one of the leading stocks. It's symbolic of what might befall other players in the space," said Dan Peirce, senior strategist for State Street Global Advisors, which oversees $700 billion. | ||
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