US stocks open lower, dragged down by tech

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Associated Press

Posted on July 26, 2013 at 10:04 AM

Updated Friday, Jul 26 at 10:06 AM

NEW YORK (AP) — Stocks are getting off to a weak start on Wall Street after more weakness in technology companies.

The early decline Friday is putting the market on track for its first weekly loss this month.

The Dow Jones industrial average fell 75 points, or 0.5 percent, to 15,481 in the first few minutes of trading.

The Standard & Poor's 500 index fell six points, or 0.4 percent, to 1,683. The Nasdaq composite fell 13 points, or 0.4 percent, to 3,592.

Amazon fell 1 percent to $300.60 after reporting a surprise loss late Thursday.

Expedia plunged 27 percent to $47.62 after the online travel agency reported that second-quarter profit fell by one-third and badly missed Wall Street expectations.

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