Markets Down in Technology and Oil


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Hemera/Thinkstock(NEW YORK) — Stocks were down on Tuesday, with The Dow dropping 83 points, the Nasdaq losing 29 and the S&P giving up 11. The tech and oil sectors were the biggest losers on the day.

A slowdown in China and Europe led to an 11 percent slump in revenue for Chip maker Advanced Micro Devices.  

Also crude prices fell nearly a dollar to 85-2, but gas prices rose about a nickel over the past week.  

Copyright 2012 ABC News Radio

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