Stocks Mixed As Nasdaq Sees Selling, Hurt By Apple
Posted on January 14, 2013 at 19:19 PM EST
Stocks closed mixed Monday, as Apple's (AAPL) 4% slide weighed on the Nasdaq, putting that index back at five distribution days. The Nasdaq lost 0.3%, while the S&P 500 edged down 0.1%. The NYSE composite, least affected by Apple, edged up 0.1%. Apple slumped on reports that it had cut orders for iPhone 5 parts due to weaker-than-expected demand, touching an 11-month intraday low just under the 500 level. Volume decreased from Friday's level on