Stocks drop on tech­nol­ogy woes, weak Chi­nese data

Las Vegas Review-Journal - - BUSINESS -

U.S. stocks fell Fri­day as a com­bi­na­tion of weak eco­nomic data from China and dis­ap­point­ing earn­ings hurt tech­nol­ogy and in­ter­net com­pa­nies. Crude oil prices fell for the 10th day in a row.

Auto sales in China fell in Oc­to­ber for the fourth month in a row and are down 13 per­cent from a year ago, the lat­est sign its econ­omy is un­der pres­sure.

U.S. crude oil slipped 0.8 per­cent to ex­tend its los­ing streak.

Weak fore­casts from com­pa­nies in­clud­ing video game com­pany Ac­tivi­sion Bl­iz­zard and chip­maker Sky­works So­lu­tions also con­tributed to Fri­day’s de­cline.

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