Wall St pares losses, helped by techs

The Nasdaq turned positive on Thursday as investors snapped up beaten-down big-cap technology shares, including Research In Motion, while a rebound by financial companies after two days of losses helped the S&P 500 and the Dow to pare losses.
Even so, investors were cautious after government data showed that consumer price pressures mounted in July and the labor market weakened, clouding the corporate profit outlook.
Wal-Mart Stores Inc, the world's biggest retailer, added to the nervous tone with a cautious forecast for the current quarter.
The Dow Jones industrial average slipped 18.40 points, or 0.16%, to 11,514.56. The Standard & Poor's 500 Index shed 3.44 points, or 0.27%, to 1,282.39. The Nasdaq Composite Index edged up 1.68 points, or 0.07%, to 2,430.30.