US technology stocks fell for the fourth straight session Thursday, pulled lower by JDS Uniphase Corp, as the fibre-optic cable firm cast doubt on the strength of the recovery in telecom spending.
The broader market dipped slightly as data showed the US economy grew at a slower than expected pace in the first quarter. But stronger profits from media company Time Warner Inc and oil giant Exxon Mobil Corp limited losses.
By midday, the Dow Jones industrial average was down 14 points, or 0.14 percent, at 10,328.27.
The Standard & Poor's 500 Index was down 3.38 points, or 0.30 percent, at 1,119.03. The technology-focused Nasdaq Composite Index was down 18.76 points, or 0.94 percent, at 1,970.80.
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