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VOL. 37 | NO. 18 | Friday, May 03, 2013
Stocks close little changed after record week
NEW YORK (AP) — Major stock market indexes are ending little changed on Wall Street following a record-breaking week.
The Dow Jones industrial average ended down five points at 14,968 Monday. It broke through 15,000 last week.
The Standard & Poor's 500 index rose three points to 1,617, setting another record. That's an increase of 0.2 percent.
The Nasdaq composite rose 14 points to 3,392, an increase of 0.4 percent.
Bank of America rose after announcing a settlement with a mortgage insurance company, MBIA, clearing up a dispute dating to the bursting of the housing bubble.
Tyson Foods fell 3 percent after reporting a 42 percent plunge in profit.
Three stocks rose for every two that fell on the New York Stock Exchange. Volume was lighter than usual, 3 billion shares.