New York Dec 20 (IANS) US stocks turned lower on Tuesday as a decline in Apple shares dragged the tech sector lower.
At midday the Dow Jones Industrial Average decreased 32.11 points or 0.13 per cent to 24 760.09. The S&P 500 lost 3.21 points or 0.12 per cent to 2 686.95.
The Nasdaq Composite Index was down 18.16 points or 0.26 per cent to 6 976.60 Xinhua news agency reported.
Shares of Apple fell almost one per cent on Tuesday after Nomura Instinet downgraded the tech giant s stock from buy to neutral.
Meanwhile Wall Street also eagerly awaited a vote on tax reform. House and Senate Republicans are planning to pass a package this week with major elements including lower corporate and top individual tax rates.
On the economic front US privately-owned housing starts in November were at a seasonally adjusted annual rate of 1.297 million units the Commerce Department reported Tuesday.
This is 3.3 per cent above the revised October estimate of 1.256 million and 12.9 per cent above the November 2016 rate of 1.149 million.
--IANS
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