Apple falls on weak iPhone news

Posted: January 15, 2013 at 3:27 a.m.

Traders work Monday on the floor of the New York Stock Exchange. A drop in Apple Inc. shares held down the Standard & Poor’s 500 index on Monday.

Apple held down the Standard & Poor’s 500, pushing it further below the five-year high it reached last week, after the technology giant’s stock sank on a report that demand for the iPhone 5 may be weaker than expected. The Dow Jones industrial average edged higher.

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Business, Pages 22 on 01/15/2013