Stocks are dropping for the fourth straight day following a profit slump at technology companies and a steep decline in oil prices.

Topics:  stocks   fourth   day   tech   slump   
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  • U.S. stocks fall for fourth straight day
    U.S. stocks fell for the fourth ... sap bank profits. Oil prices sank again, this time to their lowest levels since 2003. While all three major U.S. indexes finished lower, they recovered somewhat from far steeper losses earlier in the day.
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  • Bad news: Stocks likely to fall further
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    U.S. stocks fell for a fourth day ... profits for S&P 500 companies are forecast to decline for the first time since 2009. Companies will see a contraction of 5.6 percent for the three-month period, according to economist estimates compiled by Bloomberg.
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