Share prices of Microsoft, Google, Facebook and Apple have all dropped on Friday after the companies reported weaker-than-expected quarterly earnings and revenue figures.
The S&P 500 index is down 0.4% to 2,068.83 as of 4:00 p.m.
Dow Jones Industrial Average is down 2.3% to 21,869.69.
The Nasdaq is down 3.1% to 7,788.08.
The Dow is up 1.3%, Google is up 0.6% and Facebook is up 2.5%.
Shares of Apple fell 2.6%, Facebook’s shares fell 2%, and Facebook’s stock fell 4.5% in after-hours trading.
Apple stock rose more than 6% to $196.85 in late afternoon trading after the company reported stronger-than expected quarterly earnings, and revenue growth for the fiscal year ended March 31.
The company also reported strong sales for the quarter, the first time it has topped $100 billion.
The earnings report was better than Wall Street expected and the company also announced a new product and services strategy, but the company still expects a $9 billion impairment charge to be incurred for the rest of fiscal year.
Apple shares fell 1.2% to just under $215 on Friday.
The stock rose nearly 4% during the quarter.
Apple’s shares are up more than 7% this year, but have lost more than 4% in 2016.
Apple has been losing money as more and more of its customers turn to smartphones and tablets instead of computers and software.