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Dow And S&P Rise; Nasdaq Falls As Apple Loses More Than 6%

ByBenzinga
AuthorBenzinga
Published 12/06/2012, 01:05 AM
Updated 05/14/2017, 06:45 AM

The major averages closed Wednesday's trading session mixed as the Dow jumped, the S&P was marginally higher and the Nasdaq fell as Apple (AAPL) shares fell more than 6 percent. The Dow Jones Industrial Average rose almost 83 points to close at 13,034. The widely watched blue-chip average traded in a range between 12,923 and 13,089.

The SPDR S&P 500 ETF (SPY) rose 0.18 percent to $141.50. Volume was a little heavier than normal with around 142.8 million SPY shares trading hands compared to a 3-month daily average of 133.5 million.

The PowerShares QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100, fell 1.11 percent to $64.90. The sell-off in the heavily traded ETF was due primarily to a 6.43 percent loss in Apple. The stock closed at $538.79.

Crude oil fell on the day. At last check, NYMEX crude futures were down 0.68 percent to $87.90 in the electronic trading session. Brent crude contracts had lost 0.89 percent and were trading at $108.86.

Precious metals were mixed on the day. In electronic trading, COMEX gold futures were down 0.04 percent to $1,695.10 while silver futures had added 0.40 percent to $32.94. The heavily traded SPDR Gold Trust ETF (GLD) closed the trading day down 0.18 percent to $164.12.

Treasuries were near unchanged on Wednesday. The iShares Barclays 20+ Year Treasury Bond ETF (TLT) closed down 0.03 percent to $125.34. The yield on the 10-Year Note fell 2 basis points to 1.59 percent.

The U.S. dollar rose on the day. The PowerShares DB US Dollar Index Bullish ETF (UUP), which tracks the performance of the greenback versus a basket of foreign currencies, added 0.23 percent to $21.83. The closely watched EUR/USD pair was last trading at $1.3079.

By Scott Rubin

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