US stocks mostly lower despite upbeat data
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NEW YORK, Jan 28 AFP
January 29 2013, 08:37AM
Stocks have finished mostly lower despite a stronger-than-expected manufactured durable goods report and a nearly 2 per cent lift from Caterpillar earnings.
At the close on Monday, the Dow Jones Industrial Average was down 13.06 points (0.09 per cent) to 13,882.95.
The broad-based S&P 500 fell 2.71 points (0.18 per cent) to 1,500.25.
The tech-heavy Nasdaq Composite Index rose 4.59 (0.15 per cent) to 3,154.30.
The trading came as new orders for durable goods surged in December well above analyst expectations.
Slumping technology company Apple reversed recent losses and picked up 2.20 per cent, boosting the Nasdaq. That placed it ahead again of ExxonMobil as the world's largest company by market capitalisation.
ExxonMobil fell 0.7 per cent.