This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stocks Flat at the Finish Line

Stocks in this article: ^DJI ^GSPC ^IXIC CXS NLY CELG TIE PCP RIMM AAPL BBY JPM JEF LUK DHI BZH

NEW YORK ( TheStreet) -- The major U.S. stock averages finished flat Monday with investors mostly sticking to the sidelines after last week's big pullback following the election results.

The sideways trading came as upbeat trade data from China and a modest dose of M&A action was set against uncertainty about Greece's next round of bailout funds and budget talks coming up between Democratic and Republican congressional leaders.

The Dow Jones Industrial Average dipped less than a point, or 0.23%, to close at 12,815.16. The blue-chip index shed 2.12% last week, its worst weekly performance in more than five months, but it's still up 4.89% so far in 2012.

Breadth within the Dow was slightly negative as losers outpaced winners 16-to-13. Shares of Alcoa (AA) closed flat. The biggest percentage decliners were Microsoft (MSFT), Hewlett-Packard (HPQ), and UnitedHealth (UNH).

Shares of Microsoft closed down 2.1% after CEO Steve Ballmer was quoted as saying the company's Surface tablet was having a "modest" debut.

Blue chips moving higher included AT&T (T), Disney (DIS), and United Technologies (UTX).

The S&P 500 rose 0.15 points, or 0.01%, to settle at 1380, while the Nasdaq lost 0.61 points, or 0.02%, to finish at 2904.26.

The strongest sectors in the broad market were capital goods, financials, and transportation, while utilities and technology were under the most selling pressure.

Apple (AAPL) shares slipped 0.77% as DigiTimes reported that the tech giant will start trial production of a new version of the iPhone 5 next month.

In other Apple news, the iPhone maker and Taiwanese gadget manufacturer HTC have settled their patent dispute.

Decliners outpaced advancers by a 1.1-to-1 ratio on both the New York Stock Exchange and Nasdaq. Volume was at 2.53 billion on the Big Board and 1.38 billion on the Nasdaq.

Over the weekend, China reported its export growth soared to its highest in five months in October, surpassing estimates at over 11%, and calming fears that the world's second-largest economy was stalling.

The data helped offset a dour report from Japan, which said that the country's economy shrank 0.9% in the third quarter, the first contraction in in three quarters, weighed down mostly by weaker external demand.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs