Stocks: Apple bonks Nasdaq, Dow tops 13,000

• Businesses added a better-than-expected 118,000 jobs in November
• Citigroup said it will slash 11,000 jobs
• Bull market is approaching its 4-year anniversary

NEW YORK -- Major stock indexes ended mixed Wednesday as investors digested economic reports showing a weaker economy amid an improving jobs market. And the USA's third-largest bank said it will slash 11,000 jobs to cut costs.

The Dow Jones industrial average jumped 0.6%, up 82 points and above 13,000, at 13,034. Gaining by a smaller amount was the S&P 500, up 0.1%, or 2 points, while the Nasdaq composite slid 0.8%, down 23 points.

Helping pull the Nasdaq lower were plunges in shares of Apple (AAPL), down 6.4%.

Citigroup(C) said Wednesday it will take a pretax charge of $1.1 billion this quarter and save $900 million in 2013.

Service companies grew at a faster pace in November as sales and new orders rose, according to a purchasing managers' survey by the Institute for Supply Management. And the government said third-quarter productivity growth of 2.9% was a percentage point higher than first estimated.

Businesses added a better-than-expected 118,000 jobs in November despite the negative impact on hiring of Superstorm Sandy in the Northeast, according to a private research report from ADP, a payroll administrator company.

Meantime, shares of Pandora(P), an online radio service, plunged 17.5%, following a steep dive late Tuesday, when the company gave a bleak fourth quarter forecast despite topping third-quarter estimates.

Overseas, key indexes in major Asian markets ended the day higher. In Europe, major stock indexes ended the day higher -- about 0.3% to 0.4% higher in London, Frankfurt, and Paris.

The price of oil continued to drop, down 64 cents to $87.86 a barrel, while the price of gold ended down 70 cents to $1,693.70 an ounce. The yield on the 10-year Treasury was essentially flat at 1.59%.

In currency trading, the euro, at a six-week high against the dollar, was basically flat at 1.3074, and the dollar gained 0.6% against the yen, which was trading at 82.45.

For a bull market that arguably has been as despised, distrusted and downright disrespected as any major market advance in Wall Street history, the bull that began in March 2009 has numbers to rival some of the best runs in history.

Since March 9, 2009, the Standard & Poor's 500 stock index has gained as much as 117%. That's the index's seventh-best-performing bull market, S&P Capital IQ research firm says. Bespoke Investment Group says the advance has lasted 1,366 days, the eighth-longest on record -- or three years, nine months.

The average lifespan of a bull market is about three years and nine months, says InvesTech Research data going back to 1932.

A middle-aged bull, while surely not a sign of imminent demise, might be a reason for investors to take a look at what happens to bull markets as they begin to age.

"This aging bull market will be four years old in March 2013, (and) the average age of a bull run is four years," Mary Ann Bartels, a technical research analyst at Bank of America Merrill Lynch, wrote in a client note.

Since World War II, six of 11 bull markets have lasted at least four years, says S&P Capital IQ. That's not so bad. Five of the 11 lasted five years while three were still around on their sixth anniversary.

What's more, bulls that last more than four years have posted big additional gains: 21%, on average, for those lasting five years, and 26% for those that lasted at least six years.

Contributing: USA TODAY's Adam Shell and The Associated Press