Stocks End The Day Mixed

NEW YORK (January 14, 2013)--Stocks ended mixed Monday on Wall Street as investors waited for more earnings reports to come in.

Apple dropped on concerns that the demand for the iPhone 5 is waning.

The Dow Jones industrial average closed up 19 points at 13,507 Monday after dropping as much as 29 points at the start of the day.

The Standard & Poor's 500 lost a point to end the day at 1,470.

The Nasdaq composite index fell eight points to close at 3,117.

Apple, which is the biggest component of both indexes, dragged down the S&P and Nasdaq.

Apple fell 4 percent after a report that the company has cut its orders for iPhone 5 components because of weak demand.

Falling stocks outnumbered rising ones on the New York Stock Exchange where volume was light at 2.9 billion shares.

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