Summary Box: Stocks dip; Nasdaq breaks 3,000

AP News
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Posted: Feb 29, 2012 4:17 PM
Summary Box: Stocks dip; Nasdaq breaks 3,000

TECH TOPS: The Nasdaq composite index, heavy with technology stocks, briefly cracked 3,000 on Wednesday for the first time since dot-com stocks collapsed more than a decade ago.

APPLE ROCKS: Apple, the Nasdaq's biggest component, topped $500 billion in market value. It's the only company above the half-trillion mark, and only the sixth in U.S. corporate history to grow so big.

TAKING STOCK: Major indexes closed lower but still had their best February since 1998. The Standard & Poor's 500 gained 4.1 percent for the month, the Dow Jones industrial average 2.5 percent and the Nasdaq 5.4 percent.