Friday, July 19, 2013 5:04 pm
News Summary: Technology slump holds back stocks
The Associated Press
FAILURE TO LAUNCH: Microsoft slumped the most in more than four years after it wrote down nearly $1 billion on its new tablet computer. The tech giant's stock fell $4.04, or 11 percent, to $31.40.
FALLING YIELDS, RISING STOCKS: The yield on the 10-year Treasury note edged down again, falling to 2.48 percent, after going as high as 2.74 percent early in the month. That helps support the housing market by keeping mortgage rates low.