US STOCKS-Wall St flat as drop in tech stocks offsets oil gains
* Wal-Mart hits near 15-month high on strong results
* Energy stock gains as Brent crude top $50/bbl
* Cisco drops on disappointing forecast
* Indexes down: Dow 0.17 pct, S&P 0.04 pct, Nasdaq 0.03 pct (Updates to early afternoon)
By Tanya Agrawal
Aug 18 (Reuters) - Wall Street pared earlier gains and was little changed in early afternoon trading on Thursday, as a drop in technology stocks offset gains in energy companies on the back of higher oil prices.
Wal-Mart also helped prop up the market, rising as much as 3.1 percent to a more than 14-month high of $75.19 after the retailer's better-than-expected quarterly profit.
However, a decline in technology stocks, led by Cisco , helped overwhelm most of the gains.
Cisco fell 1.7 percent to $53.57 after the network equipment provider said it would cut 5,500 jobs and gave a disappointing forecast. Continuación...