Summary
NEW YORK -- Wall Street started the week with a mixed performance Monday, as investors regained a cautious stance in response to a weaker-than-expected profit report from Bank of America Corp. and another record-breaking tear in oil prices. Not all the earnings news Monday was disappointing. Merck said its profit nearly doubled in the first quarter because of a $1.4 billion distribution from a partner drug company and a slight rise in sales. Both Bank of America and Merck are among the 30 stocks that comprise the Dow Jones industrial average.
The Dow fell 24.34, or 0.19 percent, to 12,825.02. The Standard & Poor's 500 index fell 2.16, or 0.16 percent, to 1,388.17, while the Nasdaq composite index rose 5.07, or 0.21 percent, to 2,408.04.See the full content of this document
Extract
Profit Reports, Oil Fears Make Wall St. Cautious
The Nasdaq got a boost from Apple Inc., which rose $7.12, or 4.4 percent, to $168.16 after an RBC Capi...
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