Wall Street trims gains as tech stocks slide

By @ibtimes on

Stocks trimmed gains and the Nasdaq turned negative in early morning on Wednesday, with Amazon.com Inc weighing on the tech-heavy Nasdaq.

The company issued a far weaker-than-expected outlook for the holiday season due to heavy spending for its new Kindle Fire tablet computer.

The Dow Jones industrial average <.DJI> was up 87.26 points, or 0.75 percent, at 11,793.88. The Standard & Poor's 500 Index <.SPX> was up 2.91 points, or 0.24 percent, at 1,231.96. The Nasdaq Composite Index <.IXIC> was down 3.68 points, or 0.14 percent, at 2,634.74.

(Reporting by Angela Moon, Editing by Kenneth Barry)

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