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Nasdaq turns negative as semis reverse gains

NEW YORK
Mon May 19, 2008 2:27pm EDT
Traders work on the floor of the New York Stock Exchange April 1, 2008. REUTERS/Brendan McDermid

NEW YORK (Reuters) - The Nasdaq turned negative on Monday, as semiconductors reversed earlier gains.

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The Nasdaq Composite Index was down 8.53 points, or 0.34 percent, at 2,520.32. The Dow and the S&P 500 cut gains, with the Dow up 68.72 points, or 0.53 percent, at 13,055.52 and the Standard & Poor's 500 up 5.09 points, or 0.36 percent, at 1,430.44.

(Reporting by Kristina Cooke; Editing by James Dalgleish)
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