Shares of technology companies fell after disappointing earnings from two old-school tech giants.

Shares of Intel tumbled after the chip maker appeared to drag its heels on previously divulged plans to outsource some of its semiconductor manufacturing, a move investors expect will boost profitability.

Shares of computer-services stalwart International Business Machines fell after it posted another decline in quarterly sales, as diminishing revenue continues to dog the company.

Online retailer Amazon.com is seeking to postpone a unionization vote at a warehouse in Alabama and is asking federal labor authorities to reconsider a decision to allow mail-in voting due to the pandemic.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-22-21 1724ET