Stocks Back in Red as Tech Drags

(TheStreet) -- Stocks slipped back into the red as weakness in technology stocks offset strength in basic materials. The Dow Jones Industrial Average was down by 22 points, or 0.2%, at 12,573. Earlier in the session, the index rose to as high as 12,642. The S&P 500 was down by 4 points or 0.3% at 1333, while the Nasdaq was shedding 32 points, or 1.1%, at 2796. Tech stocks were dragging the markets lower, with Microsoft MSFT and Cisco CSCO dragging the Dow lower, even as Intel INTC, American Express AXP and Travelers TRV made smart gains on the index. Continue reading the article.