Stocks Mixed at the Close
Hemera/Thinkstock(NEW YORK) -- It was another moody Monday for Wall Street. Stocks struggled for direction as tensions increased in Europe, while Friday's court ruling in Apple's favor helped to boost the Nasdaq.
The Dow on Monday lost 33 points to close at 13,125. The Nasdaq closed up three points, and the S&P was off a fraction of a point at the session's close.
Germany is showing reluctance to give Greece more time to implement spending cuts required for a bailout. Meanwhile, Germany's Chancellor Angela Merkel and French President Francois Hollande have pledged to work more closely at creating recovery initiatives in the wake of the eurozone financial crisis, Financial Times reports.
Samsung shares plunged 7.5 percent Monday, while Apple stocks soared to a record high -- up nearly two percent -- after Friday's stunning jury verdict. Samsung was ordered Friday to pay $1 billion in the patent infringement case brought by Apple, which means Apple competitors will have to redesign their smartphones to avoid infringing Apple's patents.
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