US STOCKS-Wall Street dips, but tech helps Nasdaq

miércoles 11 de junio de 2014 12:55 GYT

* Cantor's primary loss seen as cautious signal

* Micron, Amazon rise after analysts' comments

* World Bank cuts global 2014 outlook

* Dow down 0.5 pct; S&P 500 down 0.3 pct; Nasdaq off 0.1 pct (Updates to midday)

By Ryan Vlastelica

NEW YORK, June 11 (Reuters) - U.S. stocks slipped on Wednesday, with the Dow and S&P 500 pulling back from record levels, though strength in a number of large-cap tech names kept the Nasdaq near breakeven territory.

Wall Street has advanced but struggled for direction lately, with daily modest moves in either direction. The S&P 500's drop of 0.3 percent so far on Wednesday represented its biggest daily decline since May 20.

The stock market's upward trend is still deemed intact, but a lack of major trading catalysts could curb gains. The Dow ended at a fourth straight record high on Tuesday, while the S&P 500 closed lower after four days of record finishes.

Investors expressed caution after the surprising primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.   Continuación...