Stocks Slip On Wall Street, Erasing Weekly Gains For S&P 500

Pricey technology companies and retailers had some of the biggest losses. Utilities and energy stocks held up better than the broader market.

Stocks are moving broadly lower on Wall Street in afternoon trading Wednesday, led by drops in big technology companies and erasing the S&P 500's gains for the week.

The S&P 500 fell 0.6% as of 2:07 p.m. Eastern. Trading has been choppy throughout the week as the benchmark index comes off a four-week winning streak.

The Dow Jones Industrial Average fell 124 points, or 0.4%, to 34,025 and the Nasdaq fell 1.1%.