Bloomberg News

U.S. Stocks Pare Gains as Apple Slump Pulls Down Tech Shares

October 11, 2012

U.S. stocks pared gains as a slump in Apple Inc. dragged down technology shares, helping to trim an earlier market rally after American jobless claims slid to a four-year low.

The Standard & Poor’s 500 Index rose 0.1 percent to 1,434.05 at 1:55 p.m. New York time, after climbing as much as 0.8 percent. Apple dropped 1.5 percent, erasing an earlier rally of as much as 1 percent.

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net


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