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US STOCKS SNAPSHOT-Wall St mostly up as Summers withdraws, Apple down

Source : REUTERS
Last Updated: Mon, Sep 16, 2013 20:10 hrs

NEW YORK, Sept 16 (Reuters) - U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about what was shaping up to be a contentious confirmation process.

The Nasdaq was lower, pressured by a 3.2 percent drop in Apple Inc shares.

The Dow Jones industrial average was up 117.88 points, or 0.77 percent, at 15,493.94. The Standard & Poor's 500 Index was up 9.62 points, or 0.57 percent, at 1,697.61. The Nasdaq Composite Index was down 4.34 points, or 0.12 percent, at 3,717.85.

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