US STOCKS SNAPSHOT-Nasdaq off 1 pct as year's winning stocks lead losses

Reuters

NEW YORK, Oct 9 (Reuters) - U.S. stocks fell on Wednesday,led by the year's biggest winners like tech shares, as themarket derived little solace from the expected nomination ofJanet Yellen as the next head of the U.S. Federal Reserve.

The Dow Jones industrial average fell 51.32 points or0.35 percent, to 14,725.21, the S&P 500 lost 8.32 pointsor 0.5 percent, to 1,647.13 and the Nasdaq Composite dropped 43.596 points or 1.18 percent, to 3,651.238.

The recent weakness of technology stocks, particularlysocial media stocks and others that have led the marketthroughout 2013, continued. Investors have been lighteningpositions in these areas as Washington battles over raising thefederal debt ceiling.

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