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Wall Street flat as Apple dents gains from jobless data

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NEW YORK (Reuters) – U. S. stocks erased most gains and were little changed on Thursday as a drop in Apple shares after a legal ruling dented broad market gains on a sign of improvement in the jobs market. Apple shares fell 1. 4 percent to $632. 25 after a U. S. appeals court overturned a preliminary injunction on the sale of Samsung Electronics Co Ltd’s Galaxy Nexus smartphone, dealing a blow to Apple Inc in a battle against Google Inc’s increasingly popular mobile software. "The tone was positive before the claims data, so it gave us a nice boost. . . .

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