Wall Street - Technology shares slightly lower midday on profit-taking

Shares in technology companies were slightly lower in midsession trade on profit-taking following three days of solid gains, dealers said.

At 12.12 pm in New York, the Nasdaq composite was 8.44 points lower or 0.64% at 1,308.08. The index opened at 1,301.83 and had traded in a narrow range of 1,290.77-1,315.51.