Wall St falls as techs warn on profits

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as several profit warnings from the technology sector added to concerns the economy was losing steam.

Trading was choppy and volume was thin in keeping with the recent pattern. The S&P 500, which had its best three-day run of the year about a week ago, has fallen for the past three sessions on worries about the slowing economy.

"The market is slowly adopting to the reality that we are going into a global recession," said James Dailey, portfolio manager of TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.

He noted that stocks of materials, energy and technology companies were down while defensive sectors were up.

Disappointing earnings reports and company outlooks that warned of lower profits and revenues were hitting the market, Daily said.

Advanced Micro Devices