Stocks end mixed; Apple hurts Nasdaq
BY CHRISTINA REXRODE AP Business Writer
Monday, April 16, 2012
NEW YORK — Stock indexes are finishing the day in different directions.
The Dow Jones industrial average is ending up 72 points to 12,921. The Standard & Poor's 500 dropped a fraction of a point to 1,370. And the Nasdaq composite index is down 23 points to 2,988.
Apple dragged down the Nasdaq. It fell for the fifth day in a row. It's dropped from $636 on April 9 to $580 on Monday. Apple's makes up about 12 percent of the Nasdaq.
About five stocks advanced for every four that declined, another sign of the market's split day. Volume was relatively light at 3.4 billion shares on the New York Stock Exchange.
Strong March retail sales helped push the Dow up. The yield on the 10-year U.S. Treasury fell.