U.S. stock market dragged down by tech

Date: Friday, September 25, 2009

U.S. stock market dragged down by tech

Technology shares weigh on the broader U.S. stock market as sector
bellwether Research In Motion's financial outlook proves
disappointing, prompting a handful of broker downgrades.

DOLLAR WEAKENS AS STOCKS TURN UP AFTER DATA

The dollar weakened in morning trade Friday, as stocks came off
earlier lows after U.S. economic reports that showed consumer
sentiment rose, while data on new-home sales and durable goods orders
were weaker than expected.

FRIDAY'S BIGGEST GAINING AND DECLINING STOCKS

E-Trade, Research In Motion and Finish Line were among companies making notable
moves in the U.S. stock market.

RIM SHARES SLUMP ON WORRIES ABOUT PRICING, OUTLOOK

Shares of Research In Motion slump in early trading after the maker of
BlackBerry smartphones reported disappointing second-quarter sales and
issued a light third-quarter revenue forecast.

RESEARCH IN MOTION LEADS TECH SECTOR LOWER

The tech sector edges lower early Friday, weighed down by shares of
Research In Motion, which plunged after the wireless-device maker
issued a disappointing outlook.