Technology shares are closing solidly lower after Apple and Microsoft turned in disappointing results.

Apple fell 4.3 percent Wednesday. The company gave a cautious outlook for the current quarter and didn't provide much detail on how its new smartwatch was doing.

Microsoft fell 3.7 percent after booking a huge loss related to its purchase of Nokia.

The Dow Jones industrial average gave up 68 points, or 0.4 percent, to 17,851.

The Standard & Poor's 500 index fell five points, or 0.3 percent, to 2,114. The Nasdaq composite declined 36 points, or 0.7 percent, to 5,171.

Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 2.33 percent.