Apple shares drag down the S&P 500 index

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Source: Dukascopy Bank SA
U.S. stocks inched lower on Monday, as S&P 500 index dropped from its five-year high after shares of Apple Inc. tumbled on rising concerns about the iPhone sales. The most valuable company slipped 3.6% to $501.75, the first time in 11 months, as report showed Apple curbed iPhone production amid weak demand for iPhone5. The S&P 500 declined 0.1% to 1,470.68, yet trimming nearly 0.4% decrease on Dell's rally. Six out of ten sectors increased with the shares of consumer goods and industrials posting the biggest gains in the gauge, up 0.41% and 0.29%, respectively. Dell's stocks jumped 13% to $12.29, capping further losses in the technology sector that was 0.8% down. The personal-computer maker advanced, as the company has been in buyout talks with Silver Lake Management LLC and TPG Capital, private equity companies. Hewlett-Packard rose 4.9% to $16.95 after report showed HP shipped 26.6% of PCs worldwide, remaining the leader in PC sales in 2012. Meanwhile, Sprint Nextel Corp. shrank 3.9% after JPMorgan Chase &Co cut the wireless carrier's stock rating to neutral from overweight.
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Tue, 15 Jan 2013 11:49:04 GMT

Dow rises on Monday

The U.S. shares, stayed flat with the Dow Jones Industrial Average slightly increasing 0.1%, or 18.89 points, to 13,507.32. Investors sat on the sidelines, as Chairman Ben Bernake's remarks pointed out that U.S. policy makers might be willing to wend the bond buying program prior to the end of year 2013. Five out of nine groups in the index edged

Tue, 15 Jan 2013 11:37:04 GMT

Copper slips to a 2-week low after Rio Tinto results

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