Stocks mixed in a March market malaise

Written By limadu on Senin, 24 Maret 2014 | 21.29

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NEW YORK (CNNMoney)

The Dow, and S&P 500 were up slightly Monday, while Nasdaq fell modestly in early trading.

But despite the quiet trading in the early going, there were some big name individual stocks on the move.

Related: Fear and Greed index shifts into 'neutral'

Apple (AAPL, Fortune 500) shares popped after the Wall Street Journal reported that the computing giant is exploring a partnership with Comcast (CMCSA, Fortune 500) for an Apple-branded TV service.

Shares of Nu Skin (NUS) surged after the company said it was fined around $540,000 for its business practices in China. The beauty products marketer had previously disclosed that it was being investigated by Chinese regulators, but the relatively small penalty seems to be a relief to investors who had feared a more major regulatory blow.

Herbalife (HLF), the nutritional supplements distributor that uses a similar multi-level marketing sales model as Nu Skin, also rallied on the news. Herbalife revealed earlier this month that it is being probed by the Federal Trade Commission.

Related: CNNMoney's Tech 30

The company has been in the crosshairs of hedge fund manager Bill Ackman, who has publicly called it a pyramid scheme and unveiled a large bet that its stock price would fall. He also recently disclosed what he says are more shady tactics by the company in China.

Lions Gate (LGF) shares jumped after the studio's film "Divergent" had a strong opening at the box office. Many analysts expected a weaker showing for the movie.

Investors were also gearing up for some high profile initial public offerings in the days ahead.

King Digital Entertainment, the company behind the popular Candy Crush Saga online game is one of 14 companies currently scheduled to go public this week.

The IPO mania is part of a global trend, as more and more companies seek to go public in order to take advantage of increased demand for stocks.

Related: Candy Crush mania coming to Wall Street

European stock markets were all lower in midday trading as the Russian takeover of Ukraine's Crimean peninsula continues to dominate sentiment.

Asian markets ended with some significant gains though, despite HSBC data that showed Chinese manufacturing activity fell to an eight-month low in March. The Hang Seng in Hong Kong shot up by 1.9% and the Shanghai Composite rose by 0.9%. To top of page

First Published: March 24, 2014: 9:51 AM ET


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