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MARKET SNAPSHOT: U.S. Stocks Hemmed In; Apple Supports Nasdaq

By Laura Mandaro, MarketWatch SAN FRANCISCO (MarketWatch) -- U.S. stock indexes clung near the flat line Monday as investors regrouped after a 2% equity rise last week, getting some support from Apple Inc.'s dividend plans and housing data that underlined improvement in that sector. The Dow Jones Industrial Average (DJI) slid 8.55, or 0.1%, to 13,224.07, shaving about half its losses after the National Association of Home Builders and Wells Fargo said their builders' sentiment index held at 28 in March, at a near five-year high. It's the first of a series of housing reports expected this week. "Housing seems to have bottomed over the past several months and is showing tentative signs of improvement; the many housing-related releases this week should confirm this," wrote Jason Pride, director of investment strategy for Glenmede. Tech shares, led by Hewlett-Packard Co. (HPQ), the most among the blue-chip index's 30 components. Bank of America Corp. (BAC) led the Dow's percentage gainers. The S&P 500 (SPX), which had turned higher ahead of the 10 a.m. housing data, traded up 1 point at 1,405. Financial stocks gained the most; industrials weighed. The Nasdaq Composite (RIXF) edged up 1.21 point to 3,056.81. Its biggest component, Apple Inc. (AAPL), announced it would start paying a quarterly dividend in its fourth quarter, which runs July through September. Apple shares climbed 1.1% to $592.05. Last week, all three major indexes gained more than 2%, reaching pre- financial-crisis levels.

Stock News for Hewlett Packard (HPQ)
DateTimeHeadline
05/22/201317:53:15MARKET SNAPSHOT: U.S. Stocks Drop On Fed Tapering Worries
05/22/201317:00:28H-P Net Slips 32%, Core Profits Beat Expectations
05/22/201316:52:17Hewlett-Packard 2nd-Quarter Slips 32%, Core Profits Beat Expectations
05/20/201315:28:18MARKET SNAPSHOT: Stock Rally's Breadth Is A Sign Of Strength...
05/17/201317:28:14Accenture to Buy Acquity for $316 Million
05/17/201316:09:47WEEK AHEAD: Home Depot, Lowe's, Best Buy, Housing Data in Spotlight
05/13/201316:30:11TECH STOCKS: Dell Buyout Drama Claims Tech Spotlight
05/13/201311:48:06TECH STOCKS: Dell Falls As Buyout Drama Claims Tech Spotlight
05/13/201309:56:08MARKET SNAPSHOT: U.S. Stocks Drop As Fed Exit Plans Mulled
05/13/201306:01:45ABB Names Claes Rytoft as Acting Chief Technology Officer
05/08/201316:49:41TECH STOCKS: AOL Falls, But Facebook, Google, Apple Rally
05/08/201312:36:48MARKET SNAPSHOT: U.S. Stocks Inch Higher After Record-setting...
05/08/201310:05:45Fusion-io Names Ex-Hewlett-Packard Executive Robison Chairman...
05/06/201308:09:05Amazon's Growing Threat to H-P, Dell and Oracle
05/02/201313:16:26Correction to Salesforce Expands Social Ambitions Story
05/02/201310:04:21Salesforce Expands Social Ambitions Beyond Enterprise
05/02/201302:10:08Lenovo's Server Talks With IBM Break Down
05/02/201301:19:22Lenovo's Talks With IBM to Buy Server Unit Break Down Over Price...
05/01/201314:30:26TECH STOCKS: Apple Leads Techs Down; Facebook, Yelp Slip
04/30/201312:21:43TECH STOCKS: BlackBerry, Apple Head Up Tech Gains

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