October 15, 2024

U.S. stocks remain lower in midday trading; Dow off session lows

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U.S. stocks were lower in midday trading on Tuesday as Wall Street took a breather from the rally that propelled the S&P 500 and the Dow Jones Industrial Average to fresh records.

The S&P 500 was losing 0.3%, to around 5,841, weighed down by a slump of over 2% in the energy sector and a decline of over 1.5% in the information-technology sector.

The Dow is off its session low of 42,760 but is falling 0.2%, to around 43,001 as of 12:30 p.m. Eastern time.

The Nasdaq Composite was sliding 0.7%, with chip stocks leading the decline after Dutch microchip-equipment maker ASML warned that the market recovery for semiconductors will take longer than expected.

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