Stocks pared losses at midday on Monday, led by a rebound in technology stocks.

The Dow Jones industrial average <.DJI> was down 34.32 points, or 0.27 percent, at 12,646.84. The Standard & Poor's 500 Index <.SPX> was down 2.24 points, or 0.17 percent, at 1,342.78. The Nasdaq Composite Index <.IXIC> was down 0.44 points, or 0.02 percent, at 2,858.39.

(Reporting by Angela Moon)