By DAMIAN J. TROISE, Associated Press Business Writer

NEW YORK (AP) — Stocks fell in morning trading on Wall Street Tuesday, pulled down by losses in the same big tech companies that have been the main drivers of the market’s rally so far this year.

The S&P 500 fell 0.7%. The Dow Jones Industrial Average fell 194 points, or 0.4%, as of 9:56 a.m. Eastern time. The Nasdaq composite sank 0.9%.

The majority of stocks within the S&P 500 fell and the biggest weights were technology companies.

Palantir Technologies, which had more than doubled so far this year, fell 8% despite reporting results that beat analysts’ forecasts.

Nvidia also reversed course, falling 1.7%, while Microsoft fell 0.7%. Their pricey stock values lend more weight to the broader market’s direction.

Earnings and company

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