Tech Stocks Slump

NEW YORK (July 19, 2013)--Technology stocks slumped Friday after weak results from Microsoft and Google.

The Standard & Poor's 500 managed a small gain, enough for the index to set another record high, edging up two points, or 0.2 percent, to end at 1,692.

It rose 0.7 percent for the week.

The Dow Jones industrial average slipped five points, 0.03 percent, to close at 15,543, held back by losses in Microsoft and IBM.

The Nasdaq fell 23 points, 0.7 percent, to end at 3,587.

The Nasdaq was the only major index to lose ground for the week.


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