Stocks end mixed on Wall Street; Apple slides

4:23 PM, Jan 14, 2013   |    comments
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NEW YORK (AP) - Stocks are ending mixed on Wall Street as investors wait for more earnings reports to come in. Apple dropped on concern that demand for the iPhone 5 is waning.

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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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