US stocks at mid-day NEW YORK: US stocks fell on Wednesday on worrisome outlooks from major software makers and as a surprise drop in new home construction last month prompted concern about the strength of an economic recovery.
The technology sector was the hardest hit after Autodesk Inc forecast fourth-quarter earnings below expectations, and Salesforce.com Inc reported a slowdown in new business.
Autodesk slid 11.3 per cent to $23.95 and was among the Nasdaq's top drags, while Salesforce tumbled 3.6 per cent to $63.22 on the New York Stock Exchange.
Wednesday, November 18, 2009
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