Arab Today, arab today apple hits new highs as us markets end mixed
Last Updated : GMT 19:13:38
Arab Today, arab today
Arab Today, arab today

Apple hits new highs as US markets end mixed

Arab Today, arab today

Arab Today, arab today Apple hits new highs as US markets end mixed

New York - AFP

Apple shares hit new record highs Monday after winning a patent lawsuit against Samsung but overall stocks traded mixed. The Dow Jones Industrial Average finished down 33.30 points (0.25 percent) at 13,124.67. The broad-based S&P 500 slipped 0.69 (0.05 percent) to 1,410.44, while Apple\'s boost helped the tech-rich Nasdaq to a gain, adding 3.40 (0.11 percent) to 3,073.19. The markets were firm \"aided by a favorable patent ruling for Apple Inc and some M&A news,\" Charles Schwab & Co. analysts said. Apple shares scored new record highs, reaching $682.07 before ending at $675.48, up 1.9 percent. The California gadget maker was awarded $1.05 billion in damages for patent infringement in a US court victory over Samsung on Friday, in one of the biggest patent cases in decade. Google, whose Android system is used on Samsung smartphones, fell 1.4 percent.

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