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US STOCKS SNAPSHOT-Intel falls on downgrade, takes Nasdaq lower

NEW YORK, Oct 9 (Reuters) - The Nasdaq Composite fell 1percent in morning trading on Tuesday, pressured by declines inshares 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 7.30points, 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 SanfordBernstein cut the chipmaker to an "underperform" rating.

(Editing by Kenneth Barry)

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Keywords: MARKETS USA STOCKS/1PCT