US stocks close little-changed

US stocks pared early gains and closed barely changed Friday, with little concrete news for investors to grab onto.

At the close of trade, the Dow Jones Industrial Average was down 17.46 points (0.13 percent) at 13,579.47.

The S&P 500 lost 0.11 points (0.01 percent) to 1,460.15, while the tech-heavy Nasdaq added 4.00 points (0.13 percent) to 3,193.24.

The market started higher in morning trade helped by a boost from Apple, which released its hit iPhone 5 to millions of pre-orders and rose 1.0 percent to over $705 before falling back to close at $700.09, up 0.2 percent.

Apple was widely bashed for the deeply flawed Apple maps function that comes with its recently unveiled iOS 6 mobile operating software, which powers the new smartphone.

Shares of Google, whose maps function previously held reign on the iPhone but is pushed aside in iOS 6, gained 0.8 percent to $733.99.

"Apple is taking a painful public beating right now on its new mapping app," said Greg Sterling, a consultant with Sterling Market Intelligence.

"It's curious that the product is so glitch-ridden. One would have assumed that the company had some indication of these problems from developers who've had the new OS for several months."

McDonald's led gainers on the Dow with an 0.6 percent rise. Trade was heavy in Coca-Cola, which fell 1.6 percent after SunTrust Banks announced it would sell $1.2 billion in Coke shares to firm up its own finances.

Trade was also strong in IBM, which slipped 0.1 percent.

Blackberry maker Research in Motion tumbled 6.5 percent after fresh service problems cropped up in parts of Europe, Africa and the Middle East.

Oracle shares rose 0.7 percent as it met earnings expectations for its most recent quarter despite a fall in revenue.

"Lower revenue, but higher profits. This is a common theme lately. Companies are squeezing already high margins," said Briefing.com.

Bond prices were mixed. The 10-year Treasury yield fell to 1.76 percent from 1.78 percent Thursday, while the 30-year held steady at 3.03 percent. Bond prices move conversely to yields.

 
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.26090.01+0.53%
    USDSGD=X
    1.62180.01+0.36%
    EURSGD=X
    1.9086-0.01-0.27%
    GBPSGD=X
    81.5303-0.01-0.01%
    SGDJPY=X
    6.1555-0.03-0.54%
    SGDHKD=X
    2.3939-0.01-0.38%
    SGDMYR=X
    7,744.4688-36.95-0.47%
    SGDIDR=X
    4.8697-0.03-0.55%
    SGDCNY=X
    1.23160.00+0.13%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,369.30-14.80-1.07%
    GCM13.CMX
    22.19-0.39-1.71%
    SIN13.CMX
    103.06
    ^XAU
    3.380.02+0.45%
    HGN13.CMX
    96.62-0.31-0.32%
    CLN13.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    0.84
    ^FVX
    1.97
    ^TNX
    3.18
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.196-0.00-0.51%
    I26.SI
    0.11-0.00-0.90%
    5RJ.SI
    0.57-0.01-1.72%
    E5H.SI
    0.390.06+20.00%
    M9F.SI
    0.280.06+27.27%
    MQ4.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.280.06+27.27%
    MQ4.SI
    0.390.06+20.00%
    M9F.SI
    0.1210.02+18.63%
    S71.SI
    0.6250.09+16.82%
    I06.SI
    0.7550.09+14.39%
    5VJ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.131-0.02-12.67%
    B2X.SI
    0.19-0.02-9.52%
    5HH.SI
    0.11-0.01-8.33%
    5QZ.SI
    0.20-0.02-6.98%
    5UO.SI
    0.146-0.01-6.41%
    CL7.SI