Midday Stock Market, Oct. 16: Tech Stocks Decline, Defensive Sectors Gain

• As of 11:37 AM ET on Oct. 16, the S&P 500 is down 0.34% to 7,718.
• The Nasdaq Composite has fallen 1.09% to 26,419, while the Dow Jones Industrial Average is up 0.29% to 52,327.
• Investors are rotating out of tech stocks into defensive sectors.
• Gold prices increased by 0.17% to $4,177.51, and the 10-Year Treasury yield decreased to 5.08%.
• Energy stocks are leading the market changes.