* Microsoft, Amazon results help limit Nasdaq losses
* Industrials weakened by railroads; energy slips
* Dow off 0.6 pct, S&P off 0.7 pct, Nasdaq off 0.1 pct
* For up-to-the-minute market news, click [STXNEWS/US] (Updates to midmorning)
By Chuck Mikolajczak
NEW YORK, Oct 23 (Reuters) - U.S. stocks fell on Friday as
declines in industrials, energy shares and some tech companies
overshadowed strong earnings from Microsoft Corp
The technology gains from Microsoft were countered by
weakness in semiconductors after disappointing results from
Broadcom Corp
Energy shares stumbled as Schlumberger Ltd
The S&P Energy index <.GSPE> shed 1.2 percent.
Shares of Burlington Northern Santa Fe Corp
"The reason we sold off is because we're still digesting all the earnings results we've had," said Thomas Nyheim, portfolio manager at Christiana Bank & Trust Co. in Greenville, Delaware.
The Dow Jones industrial average <.DJI> dropped 63.33 points, or 0.63 percent, to 10,017.98. The Standard & Poor's 500 Index <.SPX> fell 7.85 points, or 0.72 percent, to 1,085.06. The Nasdaq Composite Index <.IXIC> shed 1.20 points, or 0.06 percent, to 2,164.09.
Nyheim cited disappointing sales as a headwind working against the market's rally. "There were some good results, but we're not seeing enough top-line growth. That creates the fear that we could see a jobless recovery."
In economic news, sales of previously owned U.S. homes surged to their highest level in over two years in September, a survey showed on Friday, providing further evidence the housing market was on the mend. [ID:nN2390489]
(Reporting by Chuck Mikolajczak; Additional reporting by Ryan Vlasetlica; Editing by Kenneth Barry)