Nasdaq lower for 2nd day as Amazon, Netflix drop

(CNBC) — U.S. stocks alternated between gains and losses on Wednesday as tech struggled to bounce back from steep losses seen in the previous session.

The Nasdaq composite pulled back 0.7 percent, after briefly trading higher, as Apple slipped 0.8 percent and Amazon dropped 4.5 percent. The S&P 500 fell 0.1 percent, with technology declining 0.5 percent. It traded higher earlier on Wednesday.

The Dow Jones industrial average traded 27 points higher after falling more than 100 points. The 30-stock index also rose more than 200 points earlier in the session.

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