U.S. Stocks Close Mixed with Nasdaq Slammed by Sell-off

U.S. stocks closed mixed Monday. The Dow Jones Industrial managed to eek out a small gain while the S&P 500 was little changed in the red.

Author:: Susannah Lee
Publish date:: Sep 15, 2014 4:49 PM EDT

U.S. stocks closed mixed Monday. The Dow Jones Industrial managed to eek out a small gain while the S&P 500 was little changed in the red. But the Nasdaq got slammed by a sell-off to end about one percent lower. Telsa (TSLA) helped drive the Nasdaq lower, crashing after Morgan Stanley's negative note agreeing with Tesla's CEO that shares appear to be overvalued. Investors were feeling antisocial toward social media stocks in today's trading. Facebook (FB), Twitter (TWTR) and LinkedIn (LNKD) closed with significant losses. Not everyone was having a bad day at the Nasdaq. Avanir Pharmaceuticals (AVNR) gained 85 percent. The biopharmaceutical company reported positive results for its drug treatment for Alzheimer's. Ken Feinberg, the attorney in charge of General Motors' (GM) program to compensate victims, has approved 19 death claims related to the faulty part. That's at least six more fatalities than the automaker officially linked.