News Summary: Stocks slip, ending 4-day surge

AP News
Posted: Sep 17, 2012 5:10 PM
News Summary: Stocks slip, ending 4-day surge

FURTHER FROM GOAL: After surging over four days to near pre-recession highs, stocks slipped further from that goal Monday. All three major indexes were down, though barely. The Dow Jones industrial average fell 40 points to 13,553.

FACTORY BLUES: Dampening spirits was an Empire State Manufacturing Survey suggesting that conditions for New York manufacturers continued to weaken in September. That followed news from the Fed on Friday that U.S. industrial production fell in August by the largest amount in more than three years.

HIGH ON APPLE: Apple rose $8.50 to $699.78, a new high for the world's most valuable company. The company said advance sales for its iPhone 5 available later this week are running at double the level of the previous version of the phone.