In this Monday, Feb. 25, 2013, photo, Trader Edward Curran, left, works on the floor of the New York Stock Exchange. Uncertainty over the outcome of a budget battle in Washington pushed world stock markets lower on Monday March 4, 2013. (AP Photo/Richard Drew)
News Summary: Dow closes at highest of the year
Published: 09:46:11 PM, Mon 04 March 2013 UTC
NEW YORK (AP) — HIGH FOR THE YEAR: Stocks advanced Monday, pushing the Dow to its highest close of the year, after investors shrugged off concerns about Chinese growth that pushed stocks lower in early trading.
CHINA HOUSING: Chinese markets were dragged down by housing stocks, which fell sharply after the country's government ordered new measures to rein in home prices.
i-SLUMP: Apple slid 2.4 percent to $420, pushing the company's market value below $400 billion. The company's stock is trading at its lowest level in a year, and has slumped 40 percent since peaking in September on concern that sales growth for its phones and tablets will slow.
Tags:
ap, new york stock exchange, dow, market, news summary, monday, derivative, finance, tablets, percent, concerns, investors, country, sales growth, dow jones industrial average, trade, business, lowest level, company, stocks, stock market, concern, new york, market value, early trading, home prices, chinese markets, phones, highest close, rein, new measures, chinese growth, housing stocks, china housing
