NEW YORK (Reuters) - U.S. stocks were mixed on Monday with the tech sector weighing on the Nasdaq and S&P 500 as investors make space for Alibaba's planned debut later this week.
Alibaba's could be the largest initial public offer in history and has seen "overwhelming" interest, meaning Yahoo's 23 percent stake could be worth more next week than it is now. Yahoo stock was falling 1.3 percent with 4.7 million shares already traded, after earlier hitting its highest in 14 years.
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The Dow Jones industrial average <.DJI> was rising 20.78 points, or 0.12 percent, to 17,008.29, the S&P 500 <.SPX> was losing 4.41 points, or 0.22 percent, to 1,981.13 and the Nasdaq Composite <.IXIC> was dropping 59.18 points, or 1.3 percent, to 4,508.42.4.871
The largest percentage gainer on the New York Stock Exchange was DRDGOLD Ltd
Bankrate said U.S. regulators were investigating its financial reporting during 2012 and that its chief financial officer of eight years had resigned, effective immediately.
Among the most active stocks on the NYSE were Bank of America
On the Nasdaq, Avanir Pharma
Declining issues were outnumbering advancing ones on the NYSE by 2,085 to 918, for a 2.27-to-1 ratio to the downside; on the Nasdaq, 2,118 issues were falling and 589 advancing for a 3.60-to-1 ratio favoring decliners.
The broad S&P 500 index was posting 12 new 52-week highs and 6 new lows; the Nasdaq Composite was recording 30 new highs and 87 new lows.
(Reporting by Rodrigo Campos; Editing by Nick Zieminski)
