Dow, S&P 500 inch up with retailers but Apple drags again
NEW YORK (Reuters) – The Dow and S&P 500 edged higher on Tuesday after stronger-than-expected retail data, though tech heavyweight Apple dragged on the market for a third day. Apple was the biggest weight on both the S&P 500 and Nasdaq 100 after reports on Monday of cuts to orders for iPhone parts. Shares declined 3. 2 percent to $485. 92 and closed below $500 for the first time since February. Retail stocks advanced after a government report showing retail sales rose more than expected in December was seen as a favorable sign for fourth-quarter growth. . . .
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