US STOCKS SNAPSHOT-Intel falls on downgrade, takes Nasdaq lower
NEW YORK, Oct 9 (Reuters) - The Nasdaq Composite fell 1 percent in morning trading on Tuesday, pressured by declines in shares of Apple, Microsoft, Intel and Oracle.
The Dow Jones industrial average fell 43.39 points, or 0.32 percent, to 13,540.26. The S&P 500 dropped 7.30 points, or 0.50 percent, to 1,448.58. The Nasdaq Composite
lost 38.17 points, or 1.23 percent, to 3,074.19.
Intel fell 2.7 percent to $21.89 after Sanford Bernstein cut the chipmaker to an "underperform" rating.
(Editing by Kenneth Barry)
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Keywords: MARKETS USA STOCKS/1PCT
NEW YORK, Oct 9- The Nasdaq Composite fell 1 percent in morning trading on Tuesday, pressured by declines in shares of Apple, Microsoft, Intel and Oracle. The S&P 500 dropped 7.30 points, or 0.50 percent, to 1,448.58. Intel fell 2.7 percent to $21.89 after Sanford Bernstein cut the chipmaker to an "underperform" rating.