US stocks sagged on Thursday as disappointing outlooks from Internet company Yahoo Inc and software maker Siebel Systems Inc spurred a sell-off in the technology sector.
In a sign that consumer spending may be weakening, disappointing June sales hit the shares of retailers like Wal-Mart Stores Inc.
The Dow Jones industrial average was down 29 points, or 0.29 percent, at 10,211. The Standard & Poor's 500 Index was down 5 points, or 0.44 percent, at 1,113. The technology-laced Nasdaq Composite Index was down 20 points, or 1.00 percent, at 1,947.