Markets Right Now: Tech stocks lead indexes mostly lower

The latest on developments in financial markets (All times local):

4 p.m.

Losses in some big technology stocks led major U.S. indexes mostly lower on Wall Street.

Trading was quiet Tuesday as investors returned from the Christmas holiday.

Apple dropped 2.5 percent on speculation that the company would cut its targets for iPhone sales.

Chipmakers were also lower. Micron Technology fell 4.2 percent.

Energy stocks rose along with the price of crude oil

The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,680.

The Dow Jones industrials fell 7 points, less than 0.1 percent, to 24,746. The Nasdaq composite lost 23 points, or 0.3 percent, to 6,936.

Small-company stocks rose. The Russell 2000 increased 1 point, or 0.1 percent, to 1,544.

Bond prices rose. The yield on the 10-year Treasury fell to 2.47 percent.

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11:45 a.m.

Technology stocks were leading indexes mostly lower in midday trading.

Apple dropped 2.6 percent Tuesday on speculation that the company would cut its targets for iPhone sales.

Chipmakers were also lower. Micron Technology fell 4.1 percent.

Energy stocks rose along with the price of crude oil

European markets were closed, and trading in the U.S. was light as investors returned from the Christmas holiday.

The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,681.

The Dow Jones industrials fell 11 points, or 0.1 percent, to 24,741. The Nasdaq lost 27 points, or 0.4 percent, to 6,932.

Small-company stocks rose. The Russell 2000 increased 2 points, or 0.1 percent, at 1,544.

Bond prices rose. The yield on the 10-year Treasury fell to at 2.46 percent.

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9:35 a.m.

Stocks are off to a sluggish start on Wall Street as technology companies move lower.

Apple dropped 2.7 percent early Tuesday on speculation that the company would cut its targets for iPhone sales.

Trading was closed Monday for Christmas.

Chipmakers were also lower. Micron Technology gave back 4.1 percent.

The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,681.

The Dow Jones industrial average was little changed at 24,754. The Nasdaq composite lost 36 points, or 0.5 percent, to 6,923.

Bond prices didn't move much. The yield on the 10-year Treasury held steady at 2.48 percent.