National News

Mar 21, 2013 9:52 AM by ASSOCIATED PRESS

Stock market falls, hurt by technology companies

Technology companies are leading the U.S. stock market lower in early trading.

The Standard & Poor's 500 index is down 7 points, or 0.5 percent, to 1,551. The S&P is 14 points from its all-time high set in October 2007.

All 10 industries in the S&P index are down shortly after the opening bell, led by information technology companies.

Oracle is down sharply, falling more than 8 percent, or $3, to $32.77. Shares of the software company are continuing their drop from late Wednesday, when Oracle reported a decline in sales

The Dow Jones industrial average is down 61 points, or 0.4 percent, to 14,450. The blue-chip index had posted two straight days of gains.

The Nasdaq composite is off 18 points, 0.6 percent, at 3,235.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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