Written by Associated Press
Technology and phone companies led stocks modestly lower in a day of choppy trading on Wall Street.
Major indexes flittered between small gains and losses through the middle of the day Tuesday, then turned lower in the early afternoon and stayed lower through the closing bell.
Seagate Technology slumped 6.8 percent and Advanced Micro Devices lost 4.9 percent. Verizon gave up 2 percent.
Banks were the only major industry group to rise. JPMorgan Chase climbed 0.9 percent.
The Standard & Poor’s 500 index lost 19 points, or 0.8 percent, to 2,419.
The Dow Jones industrial average gave up 98 points, or 0.4 percent, to 21,310. The Nasdaq composite fell 100 points, or 1.6 percent, to 6,146.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 percent.