Technology companies are leading the U.S. stock market lower in early trading.

The Standard & Poor's 500 index is down 7 points, or 0.5 percent, to 1,551. The S&P is 14 points from its all-time high set in October 2007.

All 10 industries in the S&P index are down shortly after the opening bell, led by information technology companies.

Oracle is down sharply, falling more than 8 percent, or $3, to $32.77. Shares of the software company are continuing their drop from late Wednesday, when Oracle reported a decline in sales

The Dow Jones industrial average is down 61 points, or 0.4 percent, to 14,450. The blue-chip index had posted two straight days of gains.

The Nasdaq composite is off 18 points, 0.6 percent, at 3,235.