Stocks close mixed on slow trading day
ASSOCIATED PRESS August 27, 2012 8:40AM
FILE- In a Wednesday, Aug. 15, 2012, file photo, Trader Frank Cannarozzo, right, works on the floor of the New York Stock Exchange. Trading volume, the number of shares bought and sold each day, is down by a fifth from last year, more evidence that relatively few investors are pushing up stocks as Main Street folks abandon the market. "August is usually slow, but this is terrible," says Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. (AP Photo/Richard Drew, File)
Updated: August 27, 2012 3:29PM
NEW YORK — U.S. stocks closed mixed on one of the quietest trading days of the year.
The Dow Jones industrial average is ending down 33 to 13,125. The Standard & Poor’s 500 is down less than a point to 1,410. The Nasdaq composite index is up three to 3,073.
Trading volume was light Monday at 2.4 billion. Only one day, July 3, has been lighter. The average this year is 3.7 billion.
Apple briefly hit a record high and is closing higher. Late Friday, Apple won a patent dispute with Samsung. Apple helped the Nasdaq composite and the S&P 500, but it is not on the Dow.
Declining stocks beat advancers by about 11-to-10.