NEW YORK ( TheStreet) -- The major U.S. equity averages finished mixed on Thursday with the technology sector weighed down by a 2% slide in Apple (AAPL - Get Report) shares.
The iPhone maker's stock was under pressure after a federal appeals court retracted an injunction banning competitor
from selling its Galaxy Nexus smartphone, despite the ongoing patent dispute between the companies.
Early strength in stocks following a better than expected read on weekly initial jobless claims and a bullish call from Citigroup faded as the afternoon wore on.
Dow Jones Industrial Average
lost 19 points, or 0.14%, to close at 13,326, closing more than 100 points below a high for the day of 13,428. The blue-chip index has now fallen in four straight sessions.
Breadth within the Dow was negative with losers ahead of winners, 18 to 12. The biggest decliners among the blue chips were
Dow gainers included
Bank of America
The big banks got a lift after
reported the European Union is considering delaying the deadline for implementing more stringent Basel bank-capital rules.
The Wall Street Journal
reported Douglas Braunstein, JPMorgan's chief financial officer, may step down in the next two quarters. JPMorgan reports its fiscal third-quarter results before Friday's opening bell.
shares rose a little less than 1% following news that
has agreed to buy 50 Boeing 737 aircraft with the ability to purchase an additional 62 aircraft through options and purchase rights.
Shares of Walt Disney dropped 1.7%. Stan Lee Media has filed a lawsuit against the entertainment and media giant over the rights to Marvel characters such as Spider-Man and Iron Man.
rose less than a point, 0.02%, to close at 1433, breaking its four-day losing streak. The
fell more than 2 points, or 0.08%, to settle at 3049.
Most sectors finished in the green, led by energy, consumer cyclicals and basic materials. Technology, services and conglomerates all closed lower.
Advancers outnumbered decliners by a ratio of 1.9-to-1 on the New York Stock Exchange and 1.5-to-1 on the Nasdaq. Volume totaled 3.66 billion on the Big Board and 1.59 billion on the Nasdaq.