Stocks end mixed; Oracle miss drags down tech

Published December 21, 2011 5:00am ET



New York — Technology stocks fell Wednesday, dragged down by a weak earnings report from the business software maker Oracle Corp. Broad market indexes were flat. The Dow Jones industrial average eked out a gain of 4 points after having been down most of the day.

The Dow was down 104 points at midday, led by technology stocks. The rare earnings miss by Oracle raised worries that weak government and business spending might hurt other big technology companies. IBM Corp. was by far the biggest loser in the Dow, falling 3.1 percent to $181.47.

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