S&P, Dow fall in choppy trading, Nasdaq flat

The markets lost momentum after the International Monetary Fund (IMF) lowered its growth forecast for the U.S. economy to 1.6 percent from 2.2 percent this year. Ten of the 11 major S&P 500 indexes were down, with the rate-sensitive telecom services and utilities taking the biggest hit. Apple rose nearly 1 percent to $113.61 and was the top influence on the three major indexes.