US STOCKS-Wall Street mixed as Apple tumbles to two-year low

jueves 12 de mayo de 2016 16:33 GYT
 

* Apple drops to two-year low, weighs across indexes

* Kohl's falls after posting drop in net sales

* Monsanto rises on reports of possible bid for company

* Indexes end: Dow +0.05 pct, S&P -0.02 pct, Nasdaq -0.49 pct (Updates to close)

By Noel Randewich

May 12 (Reuters) - U.S. stocks ended mixed on Thursday, with gains in telecommunications and consumer staples helping make up for a tumble in Apple to a two-year low.

The S&P 500 and Dow Jones swerved between gains and losses before ending virtually flat. Up 0.90 percent, Microsoft was the largest upward force in the S&P 500.

Apple Inc, a mainstay in many portfolios, was the heaviest drag on the three major indexes, slumping 2.35 percent to $90.34, its lowest since June 2014, as worries festered about slowing demand for iPhones.

A rally in the S&P 500 from its February lows petered out in the last two weeks amid underwhelming corporate reports and economic data that clouded the path of interest rate increases this year. The index is now up about 1 percent in 2016.   Continuación...