Nasdaq turns negative

Mon Apr 16, 2012 10:22am EDT
 

NEW YORK (Reuters) - An early bounce in stocks eased on Monday, with the Nasdaq turning negative after Mattel Inc (MAT.O: Quote) reported a fall in profit and shares in Google Inc (GOOG.O: Quote) dropped ahead of a high stakes legal battle with Oracle.

The Dow Jones industrial average .DJI gained 95.89 points, or 0.75 percent, to 12,945.48. The Standard & Poor's 500 Index .SPX gained 2.71 points, or 0.20 percent, to 1,372.97. The Nasdaq Composite Index .IXIC dropped 15.22 points, or 0.51 percent, to 2,996.11.

(Reporting By Edward Krudy)

 
Traders work on the floor of the New York Stock Exchange, April 13, 2012. REUTERS/Brendan McDermid