With no positive economic news to speak of on either side of the Atlantic, stocks were impacted early by a report that showed Germany’s business climate index falling to its lowest level since February 2010. That was enough to get the day off on the wrong foot.
The Nasdaq and S&P 500 took the day’s biggest hits, losing 0.6% to end at 3,160 and 0.22% to finish at 1,456, respectively, while the Dow was lower by 0.15% at 13,558.
Claiming a big part of the day’s losses on the Nasdaq and S&P was Apple (NASDAQ:AAPL), which fell more than 1% despite news that it had sold more than 5 million iPhones over the weekend. The company was impacted by riots at a Foxconn facility that supplies parts for iPhones and iPad, which will cause production delays in both gadgets.
However, Google‘s (NASDAQ:GOOG) enthusiasm went undampened, as it reached an all-time intraday high of more than $750 per share before settling down just below that mark. Google shares are up more than 15% this year, powered by its continued domination in search and success of its Android operating system.
Better-than-expected earnings results from homebuilder Lennar (NYSE:LEN) powered shares to early 4% gains before the stock — and the rest of the sector — up nearly 4% on the day in early trading before the stock reversed and eventually lost over 1.5% for the day. The entire housing sector was down on the day.
On-demand television provider TiVo (NASDAQ:TIVO) shares soared nearly 4% after the company reached a $250 million settlement with Verizon (NYSE:VZ) over a patent dispute regarding Verizon’s FiOS pay television service.
Luxury retailer Prada (PINK:PRDSF) bucked a trend set by Burberry (PINK:BURBY) last week by announcing earnings rose over a similar period last year — though the numbers didn’t beat analyst estimates — and provided Wall Street with optimistic financial forecasts. Prada shares finished up just more than 1%.
- Rambus (NASDAQ:RMBS): Up 17.65% (87 cents) to $5.80.
- Barnes & Noble (NYSE:BKS): Up 6.6% (79 cents) to $12.73.
- Cooper Tire & Rubber (NYSE:CTB): Up 4.5% (89 cents) to $20.83.
- Nii Holdings (NASDAQ:NIHD): Down 5.8% (48 cents) to $7.86.
- Vonage (NYSE:VG): Down 5.4% (13 cents) to $2.27.
- Citrix (NASDAQ:CTXS): Down 5.2% ($4.19) to $77.
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he is long AAPL.