Dow, S&P 500 near flat after rally; Apple boosts Nasdaq

The Dow and S&P 500 were nearly flat on Monday as a four-week rally stalled, while a rebound in Apple shares helped buoy the Nasdaq.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

Home » News » Markets » International Markets

Jan 29, 2013, 07.48 AM | Source: Reuters

Dow, S&P 500 near flat after rally; Apple boosts Nasdaq

The Dow and S&P 500 were nearly flat on Monday as a four-week rally stalled, while a rebound in Apple shares helped buoy the Nasdaq.

Like this story, share it with millions of investors on M3

Dow, S&P 500 near flat after rally; Apple boosts Nasdaq

The Dow and S&P 500 were nearly flat on Monday as a four-week rally stalled, while a rebound in Apple shares helped buoy the Nasdaq.

Post Your Comments

Share Cancel

Dow, S&P 500 near flat after rally; Apple boosts Nasdaq
The Dow and S&P 500 were nearly flat on Monday as a four-week rally stalled, while a rebound in Apple shares helped buoy the Nasdaq.

Caterpillar shares helped cap losses in the Dow industrials even as the company posted a 55 percent drop in quarterly profit due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers. Caterpillar's shares, down 2.2 percent in the past three sessions, rose 1.5 percent Monday to USD 96.97.

Boeing , down 1.2 percent at USD 74.14, shares led decliners on the Dow. The aircraft maker risks losing about USD 5 billion in revenue by the grounding of its 787 Dreamliner fleet, according to a Bloomberg report.

The S&P 500 is coming off a streak of eight sessions of gains, the longest in eight years, but the index remained above 1,500. It ended above that level on Friday for the first time in more than five years.

"I think this multi-year high is really something that's in play both for short-term traders and for folks with money on the sidelines," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

Investors poured USD 55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record, research provider TrimTabs Investment Research said.

Bargain hunters lifted Apple

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Dow, S&P 500 near flat after rally; Apple boosts Nasdaq

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login