Technology shares slip midsession on Mideast fears

Technology shares were lower midsession, with the Nasdaq composite hovering near its lows for the day amid worries about the upcoming earnings season, with fears of ongoing tensions in the Middle East continuing to weigh on sentiment, dealers said.

At 1.30 pm, the Nasdaq composite traded 10.76 points lower, or 1.59%, at 1,793.64. The index opened at 1,809.59 and traded in a range of 1,781.80-1,813.36.