CORRECTED - US STOCKS-Wall St falls on tech earnings, global worry

                                
 (Corrects paragraph 6 to read "Fears that Athens ... " and not
"News that Athens ... " regarding ability to service debt)
                                
 * Qualcomm, Motorola outlooks spur tech sell-off
                                
 * Greece debt troubles weigh on risk-taking
                                
 * Bernanke's confirmation goes through
                                
 * Dow down 1.1 pct, S&P off 1.2 pct, Nasdaq off 1.9 pct
                                
 * For up-to-the-minute market news, click [STXNEWS/US]
 (Updates to close, changes byline)
                                
 By Chuck Mikolajczak
                                
 NEW YORK, Jan 28 (Reuters) - U.S. stocks dropped on
Thursday as poor outlooks from Motorola and Qualcomm dented
optimism in the technology sector while worries about Greece's
fiscal health dragged on sentiment.
                                
 Qualcomm Inc <QCOM.O> shares tumbled 14.2 percent to $40.48
and Motorola Inc <MOT.N> slid 12.4 percent to $6.48 after both
companies' earnings and outlooks fell short of expectations.
For more see [ID:nN27200838] [ID:nN28191547]
                                
 "They did exactly what was supposed to happen with the type
of earnings report that they had," said Jonathan Corpina,
senior managing partner of Meridian Equity Partners in New
York.
                                
 Several bellwethers this quarter have beaten modest
expectations and still have been viewed unfavorably by the
market, so these dismal reports were viewed even more
negatively. The PHLX Semiconductor Index <.SOXX>lost 3
percent.
                                
 "Investors are looking headline to headline to headline,"
Corpina added. "It was China and bank reform last week. It was
Obama's speech this week, and now today, it's Greece."
                                
 Fears that Athens will not be able to service its heavy
debt unnerved investors and prompted them to shun riskier
investments, including stocks, although the country's prime
minister said it has not asked for a bailout. [ID:nLDE60R1FE]
                                
 Stocks added to losses following news that U.S. Federal
Reserve Chairman Ben Bernanke was confirmed by the U.S. Senate,
causing the benchmark S&P 500 to close below the key support
level of 1,085. [ID:nLDE60R11G]
                                
 The Dow Jones industrial average <.DJI> fell 115.70 points,
or 1.13 percent, to end at 10,120.46. The Standard & Poor's 500
Index <.SPX> lost 12.97 points, or 1.18 percent, to 1,084.53.
The Nasdaq Composite Index <.IXIC> declined 42.41 points, or
1.91 percent, to close at 2,179.00.
                                
 Manufacturer 3M Co <MMM.N>, maker of Post-It notes and
Scotch tape, fell 1.9 percent to $80.75 despite reporting
stronger-than-expected earnings. [ID:nN21236221]
                                
 The global jitters overshadowed positive earnings from Dow
component Procter & Gamble Co <PG.N>, which added 1.4 percent
to $61.68 after its second-quarter earnings beat expectations
and it raised its sales outlook for the year. [ID:nN28193572]
                                
 Earlier on Thursday, government data showed new orders for
durable goods, or long-lasting manufactured goods such as
washing machined and refrigerators, edged higher in December,
and the number of workers filing claims for jobless benefits
fell last week, signaling that the U.S. economy remains on the
path to recovery.
 (Reporting by Chuck Mikolajczak; Editing by Jan Paschal)