Bloomberg News

U.S. Stocks Reverse Gain as Apple, Google Lead Tech Shares Lower

April 16, 2012

U.S. stocks reversed early gains as Apple Inc. (AAPL:US) and Google Inc. (GOOG:US) led a retreat in technology shares that tempered an advance triggered by stronger-than-forecast growth in retail sales.

Apple fell for a fifth straight day, losing 3 percent, and Google slumped 2.8 percent.

The Standard & Poor’s 500 Index was little changed at 1,370.26 after climbing as much as 0.7 percent earlier.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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Companies Mentioned

  • AAPL
    (Apple Inc)
    • $102.47 USD
    • 2.71
    • 2.64%
  • GOOG
    (Google Inc)
    • $526.54 USD
    • 5.70
    • 1.08%
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