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Agence France-PresseFebruary 7, 2013 17:30
US stocks drop; Apple gains on investor pressure
US stocks rebounded from early sharp losses but still closed lower Thursday, as Apple came under fresh pressure to share the benefits of its huge cash pile with shareholders.
At the close the Dow Jones Industrial Average was down 42.47 points (0.30 percent) at 13,944.05.
The S&P 500 index dropped 2.73 points (0.18 percent) to 1,509.39, while the tech-rich Nasdaq Composite fell 3.35 (0.11 percent) to 3,165.13.
Trade was lackluster amid some disappointing data showing productivity in the US economy fell in the fourth quarter.
Apple shares added nearly 3 percent, to $468.25, after the company was pressed by a hedge fund to do more to unleash to shareholders the value of its huge capital stockpile.
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http://www.globalpost.com/dispatch/news/afp/130207/us-stocks-drop-apple-gains-investor-pressure
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