The Traderszone Network

The stock market was modestly lower in afternoon trading Tuesday, near the lowest levels of the session. The Nasdaq was down 0.3% while the S&P 500 and Dow Jones industrial average were each off 0.2%. Volume was tracking slightly higher than at the same time Monday. Technology and medical stocks were among the weakest. The Dow utilities average was off 0.9%.

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Technology and semiconductor ETFs were gouged Tuesday asApple (AAPL) dropped an alarming 3% in early afternoon trade. The iPhone maker sliced through its 200-day moving average Monday. With further losses in the stock market today, the $655.6 billion Cupertino, Calif.-based company is 14% off its April 28 high of 134.54. Apple’s massive market cap gives it a dominant position in the ETF world.

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Sangamo Biosciences could revolutionize patient care, but its shares come with big time risk.

Puerto Rico’s debt crisis is deepening after the commonwealth defaulted for the first time. Here’s what you need to know.

When the Fed hikes interest rates for the first time since 2006, here’s why stocks could suffer a major decline, strategist Komal Sri-Kumar says.

Hedge fund manager David Einhorn affirmed his approach after July losses tied to Consol Energy Inc., SunEdison Inc. and gold fueled his worst monthly performance since 2008. “The overall market environment has become acutely unfavorable for our investment strategy,” Einhorn said Tuesday in a conference call discussing results at Greenlight Capital Re Ltd., the reinsurer where he is chairman. Einhorn said the investment portfolio dropped about 5.9 percent in July and that losses were broad-based.

After solid improvement last quarter, the voice-recognition software company needs to keep growing.