US STOCKS-Wall St trims earlier losses; S&P flat near record
* Dow, S&P 500 ended at records on Monday
* Semiconductors rally; Skyworks lifts outlook
* Dow off 0.1 pct; S&P 500 flat; Nasdaq off 0.1 pct (Updates to late afternoon)
By Angela Moon
NEW YORK, June 3 (Reuters) - U.S. stocks were little changed on Tuesday, with the Dow and the S&P 500 near Monday's record closing levels as traders found few reasons to buy following a string of gains, though a rise in semiconductor companies' shares limited losses.
By late afternoon, half of the 10 primary S&P 500 sector indexes were down for the day, led by telecom, which fell 1 percent.
Monday marked the Dow's second straight record closing high, while it was the third consecutive record close for the S&P 500. However, recent advances were made on light volume, indicating that the rally has lacked conviction.
The Dow Jones industrial average fell 18.41 points or 0.11 percent, to 16,725.22, the S&P 500 lost 1.05 points or 0.05 percent, to 1,923.92 and the Nasdaq Composite dropped 3.79 points or 0.09 percent, to 4,233.41.
Google Inc shares fell 1.6 percent to $545.04 and weighed on the Nasdaq. Continuación...