Stocks dip after biggest day in a year
Apple Inc. rose 2.7 percent after the company announced strong earnings for the second quarter. At close, the Dow had lost 16 points, the S&P 500 was down less than one point, and the Nasdaq dropped 12 points.
The stock of Zillow, a real estate website, jumped 79 percent in its first day of trading. Zillow's initial public offering priced at $20 late Tuesday.
The Dow Jones industrial average fell 16 points, or 0.1 percent, to close at 12,572.
The S&P 500 index dropped less than 1 point to 1,326. The Nasdaq fell 12 points, or 0.4 percent, to 2,814.
Rising stocks outpaced falling ones by a small margin on the New York Stock Exchange. Trading volume was below average.