April 16, 2012 / 11:38 AM / in 6 years

Nasdaq turns negative

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

NEW YORK (Reuters) - An early bounce in stocks eased on Monday, with the Nasdaq turning negative after Mattel Inc (MAT.O) reported a fall in profit and shares in Google Inc (GOOG.O) 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

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