Stocks close lower as oil slump persists

(MGN/file)
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NEW YORK (AP) Stocks closed lower Friday as a combination of weak economic data from China and disappointing earnings hurt technology and internet companies.

Crude oil prices fell Friday for the 10th day in a row, hurting energy companies.

Video game maker Activision Blizzard plunged 12.4 percent after forecasting weak holiday sales.

Online reviews company Yelp took a nosedive of 26.6 percent after reporting disappointing results and giving a weak forecast.

Walt Disney rose 1.7 percent after its profit surpassed analyst estimates.

The S&P 500 index fell 25 points, or 0.9 percent to 2,781.

The Dow Jones Industrial Average lost 201 points, or 0.8 percent, to 25,989.

The Nasdaq composite fell 123 points, or 1.6 percent, to 7,406.

Bond prices rose.

The yield on the 10-year Treasury note fell to 3.19 percent.