By Dennis Seid/NEMS Daily Journal
Stocks slip, but Apple sets record for company value
NEW YORK -Stocks slipped Monday in one of the quietest trading sessions of the year. Worries about European debt crept up again, and Apple became the most valuable company of all time.
The Dow Jones industrial average fell 3.56 points, or 0.3 percent, at 13,271.64. The Standard amp& Poor’s 500 fell a sliver, 0.03 point, to 1,418.13. The Nasdaq composite index fell 0.38 point to 3,076.21.
Apple, the most valuable company in the world, became the most valuable in history. It hit a market value of $623 billion, surpassing Microsoft’s record from 1999. Apple is worth almost twice as much the next most valuable company, Exxon Mobil. Apple stock rose $17.04, or 2.6 percent, to $665.15.
Oil futures for September delivery fell 4 cents to $95.97 a barrel on the New York Mercantile Exchange. Gold futures for December delivery rose $3.60 to $1,623 an ounce, a two-month high.