In this Thursday, Jan. 10, 2013, photo, Trader Richard Newman checks prices as he works on the floor of the New York Stock Exchange. Stocks edged lower on Wall Street, with the Standard & Poor’s 500 slipping from close to a five-year high. Apple stocks tumbled on concern that demand for the iPhone 5 is waning. (AP Photo/Richard Drew)
The Dow Jones industrial average closed up 19 points at 13,507 Monday. It fell as much as 29 points at the start of the day.
The Standard & Poor's 500 lost a point to end at 1,470. The Nasdaq composite index fell eight points to 3,117.
The S&P and Nasdaq were dragged down by Apple, the biggest component of both indexes. Apple fell 4 percent following a report that the company has cut its orders for iPhone 5 components due to weak demand.
Falling stocks outnumbered rising ones on the New York Stock Exchange. Volume was light at 2.9 billion shares.
Post a Comment