Stocks mixed on Wall Street; Apple slides
NEW YORK (AP) — Stocks were mixed on Wall Street, with the Standard & Poor's 500 sliding further below a five-year high it reached last week. Apple tumbled on concern that demand for the iPhone 5 is waning.
The Dow Jones industrial average rose 11 points to 13,499 as of midday Monday, having fallen as much as 29 points at the start of the day. The S&P 500 fell 3 points to 1,469. The Nasdaq composite index fell 14 points to 3,111.
The Standard and Poor's 500 closed at a five-year high of 1,472 on Thursday, following a solid start to the fourth-quarter earnings reporting period and amid optimism that the outlook for global growth is brightening.
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