The Market Story

Wall Street Ends Mixed

Stock quotes in this article: AA , GE , DHI , S , XOM , COP , CVX , AAPL  

The same couldn't be said for shares of companies in the group, which were lower across the board. Exxon Mobil (XOM Quote) was off 0.8%, ConocoPhillips (COP Quote) lost 2.6%. BP (BP Quote) ended down 2.9%, and Chevron (CVX Quote) shed 1.2%.

The Amex Oil Index finished lower by 1.6% and the NYSE Energy Index dropped 1.3%. Meanwhile, chip stocks were among the winners of the session, with the Philadelphia Semiconductor Sector Index adding 0.7%.

Meanwhile, Sprint (S Quote) fell a day after the big telco said it lost 306,000 subscribers in the quarter ended Dec. 31 and disclosed plans to slash 5,000 jobs. Sprint's shares slid by $2.19, or 11.2%, to $17.45.

Shares of Apple (AAPL Quote) soared to record highs after CEO Steve Jobs unveiled an all-in-one phone and iPod device, as well as the Apple TV, during the MacWorld expo in California. Apple finished higher by $7.10, or 8.3%, to $92.57.

Other mobile-device makers didn't fare so good. Research In Motion (RIMM Quote) dropped 7.9%, Motorola (MOT Quote) fell 1.8%, and Nokia (NOK Quote) surrendered 1.3%.

Elsewhere, GE (GE Quote) is reportedly shopping its plastics division, a unit that could be worth up to $10 billion. A published article said the company has contacted private equity firms about selling the business. Shares of GE finished unchanged at $37.55.

Providing further evidence of the harder times that homebuilders are facing, D.R. Horton (DHI Quote) said first-quarter orders dropped 23% from a year ago. Still, the builder said its cancellation rate improved, and the stock added 8 cents, or 0.3%, to $25.47.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,285.97 1,091.93 2,172.99 33.92
Oil *
75.64
DOWN
104.14
DOWN
11.32
DOWN
16.62
DOWN
0.56
10 Yr
3.39%
SPDR Gold
110.95
-1.00%
-1.03%
-0.76%
-1.62%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services