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Dow up 20.54
Associated PressNEW YORK - Stocks ended a quiet session with mixed results as investors took profits from last week's sharp gains but continued rewarding technology companies with strong growth prospects. The Dow Jones industrial average rose 20.54 to close at 10,815.30.
The Nasdaq composite index rose 8.38 to 3,821.76, and the Standard & Poor's 500 fell 9.63 at 1,467.63. Decliners beat advancers by a 5-to-4 margin on the New York Stock Exchange, with 1,625 down, 1,329 up and 429 unchanged. NYSE volume totaled 833.50 million shares vs. 1.16 billion Friday. The NYSE composite index slipped 4.53 to 655.16; the American Stock Exchange composite index lost 2.75 to 920.57; and the Russell 2000 index fell 0.27 to 513.30.
The yield on the 10-year Treasury note fell 3 basis points to 6.12 percent, while its price rose point, or $2.50 per $1,000 face amount. The 30-year bond yield dropped 2 basis points to 5.92 percent; its price rose 10/32 point. The two-year note yield fell 1 basis point to 6.49 percent.
Stock trading was calm as investors captured some gains from a rally last week. The Nasdaq rose 19 percent last week, the index's biggest weekly gain ever and a dramatic departure from the weakness it showed in March and April. In today's Nasdaq trading, Qualcomm fell. Over the weekend, China United Telecommunications confirmed it won't use a mobile phone technology designed by Qualcomm for at least three years. Speculation about the China contract had heightened volatility in Qualcomm shares in the past few sessions.