Stocks lower ... United Airlines dropping ... Packers, Microsoft project
NEW YORK (AP) — Technology companies pulled U.S. stocks slightly lower in afternoon trading, placing the market on course to snap a four-day winning streak. Cruise lines, fast-food restaurants and other consumer-focused companies also declined. Health care stocks were among the big gainers. Investors were poring over the latest batch of company earnings. Crude oil prices fell.
NEW YORK (AP) — The Standard & Poor’s 500 index fell 2 points, or 0.1 percent, to 2,559 as of 2:15 p.m. Eastern time. The Dow Jones industrial average lost 14 points, or 0.1 percent, to 23,142. The Nasdaq composite slid 32 points, or 0.5 percent, to 6,591. The Russell 2000 index of smaller-company stocks gave up 6 points, or 0.4 percent, to 1,498. The major stock indexes were coming off record highs on Wednesday.
DALLAS (AP) — Shares of United Airlines are dropping more than 10 percent lower after a weak revenue forecast. Analysts pressed United management today for evidence that adding more flights and slashing prices to match budget carriers are boosting the company’s financial performance. CEO Oscar Munoz is appealing for patience, saying his team is working on a plan for long-term success.
MILWAUKEE (AP) — The Green Bay Packers and Microsoft are launching a tech incubator next to Lambeau Field in an effort to boost innovation in a part of the U.S. not typically targeted by major global companies. The project announced today is part of an initiative Microsoft unveiled last week in Fargo, North Dakota, to spur technological advances and create jobs in rural and small metropolitan areas.
NEW YORK (AP) — The selfie may soon have a new use — your bank could ask for one in order to approve your purchase or credit card application. Visa is launching a platform to allow banks to integrate various types of biometrics — your fingerprint, face, voice, etc. — into approving credit card applications and payments. This could lead to customers having to take a selfie to verify they actually made an online purchase or applied for a credit card.