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Retailers, Microsoft Woes Hit Stocks | |
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||
| Time: 07:26 EST/12:26 GMT | News Source: Reuters | Posted By: Byron Hinson | ||
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Stocks fell after major retailers warned of softer profits and the nation's largest brokerage soured on software titan Microsoft Corp because of a slump in personal computer sales. Investors also fretted over Tuesday's warning by computer networking giant Cisco Systems Inc of slower earnings growth. An early rally in tech shares fizzled out in the afternoon, and the Nasdaq market carved out its lowest close in a month. | ||
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