NEW YORK (AP) -Technology company stocks turned up, allowing small Wall Street gains in an otherwise disappointing market Tuesday. The gain in technology stocks was driven by Apple, which surged after billionaire investor Carl Icahn said on Twitter that he held a large position in Apple and that its stock was undervalued.
But August is shaping up to be a lackluster month as major indexes fail to add significantly to the gains they made in July. The Standard & Poor's 500 index has drifted lower, fluctuating between small losses and gains, since closing at an all-time high Aug. 2.
Airline stocks slumped after the federal government challenged the proposed merger of US Airways and American Airlines, a deal between two of the largest carriers. The government says the deal would result in "substantial harm to consumers" in higher fares and fees