US STOCKS-Wall St moves lower after Yellen says equity valuations high
* Yellen: Risks "moderated, not elevated"; no bubbles forming
* Private employers add fewest jobs since Jan 2014
* Tech stocks weigh; energy stocks gets boost from oil
* Indexes down: Dow 0.3 pct, S&P 0.2 pct, Nasdaq 0.2 pct (Adds details, changes comment, updates prices)
By Tanya Agrawal
May 6 (Reuters) - U.S. stocks moved lower in morning trading on Wednesday after U.S. Federal Reserve Chair Janet Yellen said equity valuations are "generally quite high," and warned of potential dangers.
However, Yellen described risks to financial stability as "moderated, not elevated" and said she does not see any bubbles forming.
The U.S. stock market has been choppy in the past few weeks as investors digest corporate results alongside a mixed bag of economic data.
The S&P 500 closed above its record high late last month, while the Nasdaq was in striking distance of its record high. But weak data has since pulled the indexes from these highs. Continuación...