US Stocks Extend Losses as Tech Sector Slumps

U.S. stocks fell Friday, as deepening technology-sector declines threatened to wipe out monthly gains for major indexes.

The sector is on track for its second consecutive week of sharp losses. A string of disappointing quarterly results from high-profile tech companies—including Microsoft


and Apple—has led to persistent selling in the group, making it the worst performing sector year to date.

The tech-led declines have all but wiped out monthly gains for major indexes. As recently as April 20, the SP 500 was up 2.1% for the month and the Nasdaq Composite was up 1.6%. The SP 500 is

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