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Stocks sag, head for first weekly loss in a month

In this Friday, June 28, 2013, photo, Trader Timothy Nick, right, works on the floor of the New York Stock Exchange. Asian stock markets floundered Friday July 26, 2013 as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world's No. 2 economy. (AP Photo/Richard Drew)

NEW YORK (AP) — Stocks are falling in midday trading on Wall Street after more weakness in technology companies.

The decline is putting the market on track for its first weekly loss in a month.

The Dow Jones industrial average fell 116 points, or 0.7 percent, to 15,439 shortly before noon Eastern Daylight Time Friday.

The Standard & Poor's 500 index fell 10 points, or 0.6 percent, to 1,679. The Nasdaq composite fell 13 points, or 0.4 percent, to 3,592.

Expedia plunged 27 percent to $47.62 after the online travel agency reported that its second-quarter profit fell by a third and badly missed Wall Street expectations.

Zynga dropped 16 percent to $2.93 after the company said it was dropping its plans to pursue online casino-style games.