Stock market falls, hurt by technology companies

Thursday - 3/21/2013, 11:08am EDT

In this Tuesday, March 19, 2013, photo, Trader Craig Spector works on the floor of the New York Stock Exchange. World stock markets moved higher Wednesday March 20, 2013 as investors set aside their apprehension over the financial fate of Cyprus and looked ahead to the Federal Reserve for its assessment of the U.S. economy. (AP Photo/Richard Drew)

The Associated Press

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 This material may not be published, broadcast, rewritten or redistributed.