U.S. Stocks Reverse Early Gains; S&P 500 Turns Down 0.5%
U.S. stocks opened higher but moved lower in early trading. The S&P 500 turned down 0.5% after rising 0.7%, while the Dow Jones Industrial Average fell 0.4% after gaining 0.4%.\n\nThe Nasdaq dropped about 0.5% after rising 1.3%. The Philadelphia Semiconductor Index fell 0.2%, and the biotechnology index declined 2.6%.
U.S. stocks opened higher but moved lower in early trading. The S&P 500 turned down 0.5% after rising 0.7%, while the Dow Jones Industrial Average fell 0.4% after gaining 0.4%.\n\nThe Nasdaq dropped about 0.5% after rising 1.3%. The Philadelphia Semiconductor Index fell 0.2%, and the biotechnology index declined 2.6%.