U.S. stock markets midday Tuesday were trading near session lows, with the decline being powered by a drop in energy XLE, -0.06% and information technology shares XLK, +2.39% . The Dow Jones Industrial Average DJIA, +1.33% was down 200 points, or 0.8%, at 26,725, the S&P 500 index SPX, +1.59% was trading 1.1% lower at 2,958, while the Nasdaq Composite Index COMP, +2.26% was trading 1.7% lower at 7,975, with a decline of that magnitude, should it hold, representing the technology-laden index's steepest daily fall since a 3% stumble on Aug. 23, according to FactSet data. The move lower for stocks came amid a report that House Democrats are preparing to huddle Tuesday afternoon in a meeting that could help to determine whether an impeachment inquiry against President Donald Trump moves forward. House Speaker Nancy Pelosi, who has been quietly sounding out top allies and lawmakers about whether the time has come to impeach Trump, said she will make an announcement "after I meet with my chairmen, my leadership and my caucus," according to NBC News.