U.S. stocks were lower in midday trading on Tuesday as Wall Street took a breather from the rally that propelled the S&P 500 and the Dow Jones Industrial Average to fresh records.
The S&P 500 was losing 0.3%, to around 5,841, weighed down by a slump of over 2% in the energy sector and a decline of over 1.5% in the information-technology sector.
The Dow is off its session low of 42,760 but is falling 0.2%, to around 43,001 as of 12:30 p.m. Eastern time.
The Nasdaq Composite was sliding 0.7%, with chip stocks leading the decline after Dutch microchip-equipment maker ASML warned that the market recovery for semiconductors will take longer than expected.