Wall Street Traded Lower at Midday as Technology Shares Stayed Weak

U.S. stocks moved lower by midday Friday as continuing weakness in technology shares weighed on the market during a difficult week for the sector overall.

At 12:15 p.m. ET (16:15 UTC) on Oct. 16, the Dow Jones Industrial Average was down 0.1%, while the S&P 500 had fallen 0.5%.

Technology shares had faced selling pressure earlier in the week, when U.S. stock indexes were seeking direction. At 9:56 a.m. ET (13:56 UTC) Tuesday, the Dow was up 0.2%; the S&P 500 and Nasdaq Composite were also seeking direction.