US STOCKS-Wall St slips on tech results, chances of Fed hike

* Allergan (NYSE: AGN - news) up after confirming buyout talks with Pfizer (NYSE: PFE - news)

* GoPro (Xetra: A1XE7G - news) falls after results

* NXP Semiconductors (NasdaqGS: NXPI - news) slides after bleak forecast

* Indexes down: Dow .13 pct, S&P .04 pct, Nasdaq .42 pct (Updates close with Valeant down after the bell; LinkedIn up)

By Lewis Krauskopf

Oct (HKSE: 3366-OL.HK - news) 29 (Reuters) - U.S (Other OTC: UBGXF - news) . stocks ended slightly lower on Thursday as the market digested disappointing tech earnings reports and the potential for an interest rate hike in December.

The Federal Reserve, which kept rates unchanged at its policy meeting that ended Wednesday, downplayed concerns about global growth and indicated confidence in the U.S. job market's recovery.

Stocks had jumped on Wednesday following the Fed statement and, after a strong run from the end of September, were due for a "reprieve," said Jason Ware, chief investment officer at Albion Financial, in Salt Lake City.

"I would just say that we had a big move and this is a bit of a cooling pause the next day," Ware said.

The three indexes are on track for their best month in four years.

S&P utilities, which tend to do worse when interest rates are rising, were the worst-performing S&P sector, off 0.6 percent.

The Dow Jones industrial average fell 23.72 points, or 0.13 percent, to 17,755.8, the S&P 500 lost 0.94 points, or 0.04 percent, to 2,089.41 and the Nasdaq Composite dropped 21.42 points, or 0.42 percent, to 5,074.27.

The three indexes recovered much of the day's losses late in the session.

After the bell, U.S.-listed shares of Valeant Pharmaceuticals fell 11.5 percent to $98.63, extending losses from the regular session, when it dropped 4.7 percent to end at $111.50.

Express Scripts Holding Co and CVS Health Corp said they had dropped Philidor Rx, a specialty pharmacy used by Valeant, from their networks in a sign the fall-out from the drugmaker's connection with the specialty pharmacy is spreading.

Also after the close, shares of LinkedIn jumped 12.4 percent to $244 as it reported earnings and revenue that beat analysts' expectations.

The S&P healthcare sector ended the session up 0.4 percent, making it the top-performing sector, as Allergan's shares shot up 6 percent to $304.38. The Botox maker confirmed it was in buyout talks with Pfizer. Pfizer dropped 1.9 percent.

Sixty percent of the S&P 500 companies have reported quarterly results so far. Analysts now expect overall third-quarter profit to decline a modest 1.7 percent, compared with the 4.2 percent drop forecast on Oct. 1, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data.

NXP Semiconductors sank 19.7 percent to $73 after its bleak forecast. The slide took down other chipmakers, with the broader semiconductor index down 3 percent.

F5 Networks Inc (NasdaqGS: FFIV - news) shares fell 9.3 percent to $110.08 after a disappointing outlook, making it the biggest percentage loser in the S&P 500 technology index.

Declining issues outnumbered advancing ones on the NYSE by 1,852 to 1,185, for a 1.56-to-1 ratio on the downside; on the Nasdaq (NasdaqGS: NDAQ - news) , 1,820 issues fell and 959 advanced for a 1.90-to-1 ratio favoring decliners.

The S&P 500 posted 28 new 52-week highs and 6 lows; the Nasdaq recorded 102 new highs and 76 new lows.

About 7 billion shares changed hands on U.S. exchanges, about even with the 7.1 billion daily average for the past 20 trading days, according to Thomson Reuters data. (Additional reporting by Caroline Valetkevitch, and Abhiram Nandakumar in Bengaluru; Editing by Nick Zieminski and Andrew Hay)