Weakness in tech stocks pushes indexes lower

Associated Press
Trader Steven Kaplan works on the floor of the New York Stock Exchange Wednesday, March 12, 2014. Asian stock markets vacillated Thursday March 27, 2014 as investors waited to see if weak Chinese economic data might prompt new economic stimulus. European shares drifted down. (AP Photo/Richard Drew)
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Trader Steven Kaplan works on the floor of the New York Stock Exchange Wednesday, March 12, 2014. Asian …

NEW YORK (AP) — More weakness in the technology sector is sending the stock market lower.

GameStop fell 4 percent after reporting lower sales and income than investors were expecting. GameStop will also close 2 percent of its stores.

"Candy Crush Saga" maker King Digital fell 3 percent on its second day as a publicly traded company, and Google fell 2 percent.

The Standard & Poor's 500 index fell three points, or 0.2 percent, to close at 1,849 Thursday.

The Dow Jones industrial average lost four points, or 0.2 percent, to 16,264. The tech-heavy Nasdaq composite lost 22 points, or 0.5 percent, to 4,151.

Citigroup fell 5 percent after the Federal Reserve denied the bank's plan to raise its dividend.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.68 percent.

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