S&P 500 trades flat on Monday

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Source: Dukascopy Bank
S&P 500 index traded almost flat on Monday as gains from higher that expected retail sales in March were offset by Apple Inc which faced the biggest daily drop since October. US benchmark slipped 0.05% or 0.69 points to 1,369.57. Apple lost 4.2% on news mobile-phone carriers may decrease subsidies for the iPhone. Mattel plunged more than 9% after posting a 53% decline in 1st-quarter earnings. Financials supported the index on the upside with Goldman Sachs adding 2.3% and Citigroup Inc climbing 1.8%. 

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Tue, 17 Apr 2012 13:41:54 GMT

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