(CNBC) Stocks fell on Friday as poor earnings from Intel and Twitter trumped a strong growth reading for the economy.
The Nasdaq Composite dropped 1.46 percent to 7,737.42, its biggest drop since June 27, when it fell 1.54 percent. The S&P 500 fell 0.7 percent to 2,818.82 with tech dropping 2 percent. The Dow Jones Industrial Average declined 76.01 points to close at 25,451.06.
Tech stocks posted their second straight day of steep losses. On Thursday, the sector dropped more than 1.5 percent as Facebook posted its worst day ever. Shares of Intel and Twitter led the charge lower on Friday, falling after the release of their latest quarterly results.
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