Wall St tech shares lower midsession

Shares in technology companies traded lower midsession, as investors continued to take their cue from the recent slew of negative news hitting the sector and as buyers widely continued to remain elusive, dealers said.

At 1.49 pm in New York trade, the Nasdaq composite lost 17.47 points or 1.17% to 1,479.36 after opening slightly down at 1,494.80 and trading in a range of 1,474.99-1,503.01. Volume was 1.1 billion shares, with 1,669 Nasdaq issues rising, 1,610 declining and 252 remaining unchanged.