Stocks End Mostly Lower, Facebook Lifted by Upbeat Analysts

Stocks ended mostly lower on Monday, despite a credit outlook upgrade of the United States. The Dow Jones industrial average was down 9.53 points, or 0.06 percent, at 15,238.59. The Standard & Poor’s 500 Index was down 0.57 points, or
0.03 percent, at 1,642.81. The Nasdaq Composite Index was up 4.55 points, or 0.13 percent, at 3,473.77.

Facebook Inc. shares jumped Monday as the stock got a boost from upbeat analyst notes, including one pointing to more evidence of the social network’s power when it comes to online ads.

Apple on Monday unveiled iTunes Radio, a free music streaming service that is a key part of overhauled mobile software that the company called the most revolutionary re-design of its operating system since the iPhone was introduced in 2007.

Amazon.com Inc unveiled a new version of its successful Prime shipping service on Monday as the world’s largest Internet retailer tries to attract more-frequent shoppers with groceries and other everyday household products.

Microsoft Corp. kicked off its Electronic Entertainment Expo presentation Monday by unveiling a new Xbox 360 with a design inspired by its upcoming next-generation Xbox One console.

The Canadian yoga clothing company that made headlines earlier this year for its see-through pants snafu said Monday that CEO Christine Day will step down as head of the company after a successor is named. Day has worked as CEO for more than
five years.