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October 22, 2012 at 16:25 PM EDT
Midday Nasdaq Slumps on Weak Tech Earnings
MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) fell just 0.13% to 3 001.69 as of 3:00 p.m. EDT today after tech stocks continued to report weak earnings.   Facebook (NASDAQ:FB) rose 0.87% to $19.15 as its third-quarter earnings are widely expected to meet expectations but Microsoft (NASDAQ:MSFT) fell 2.44% to $27.95 on a lack of investor confidence in the Windows 8 operating system which is approaching its launch date.   Sirius XM Radio (NASDAQ:SIRI) also didn’t perform well falling 1.88% to just $2.86 as it was issued a Buy rating earlier today. Another beleaguered stock Clearwire (NASDAQ:CLWR) rose 6.49% ...
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