NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks moved broadly lower in midday trading on Wall Street as investors again back away from technology companies.
The tech sector led the losses in the S&P 500 for a second straight day Tuesday.
Microsoft fell 1.7% and PayPal shed 2.1%. The shift contrasts with the last few weeks, when the sector drove much of the market gains.
Health care stocks were also among the biggest losers. Merck shed 2.8% and Abbott fell 3.1%.
The S&P 500 slipped 12 points, or 0.4%, to 2,965.
The Dow Jones Industrial Average fell 18 points, or 0.1%, to 26,816. The Nasdaq dropped 41 points, or 0.5%, to 8,045.
Small-company stocks bucked the