LITTLE ROCK, Ark. (Arkansas Business) -- Stocks ended pretty much flat on Friday after weak results from the tech industry namely Microsoft and Google.
Shares of Microsoft hit particularly hard on Friday, down 11 percent after the tech giant wrote off a $900 million loss on its poorly received line of Surface tablet computers.
Quarterly earnings results also showed that Windows 8, Microsoft's new operating system designed to bridge the divide between PCs and tablets, has been a dud with users, contributing to a revenue drop in its operating system software unit.
As for Google, the search giant missed analyst expectations for earnings and revenue although both saw increases.
But its average advertising rate fell as the company had difficulty monetizing mobile which is widely seen as the next frontier in advertising.
Earnings due this week in several sectors
Looking ahead to this week, analysts are expecting a bumpy ride on Wall Street as earnings are due in several sectors that have some of the worst earnings outlooks.
Those include industrials, natural resources and consumer.
Arkansas unemployment rate unchanged
The Arkansas Department of Workforce Services said the jobless rate for June in Arkansas remained unchanged at 7.3 percent.
That's below the national unemployment rate, which also remained unchanged in June at 7.6 percent.
Department of Workforce Services Communications Director Kimberly Friedman says the state's percentage was stable due to the employment number declining slightly, shrinking the size of the civilian labor force.
Arkansas business seeking 20 in their 20s nominations
And finally, for the fourth consecutive year, Arkansas Business is seeking nominations for its 20 In Their 20s program.
The yearly event recognizes 20 young professionals between the ages of 20 and 29 who are making their mark on the Arkansas business and nonprofit community.
The 2013 call will be profiled in the Sept. 23 issue of Arkansas Business.
If you know a professional 20-something that's worthy of being included, you can nominate them right now at ArkansasBusiness.com/20.
The deadline to nominate is Aug. 23.