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News Summary: Stocks slip in quiet trading

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The Associated Press | August 5, 2013 05:23 PM EST | AP


SUMMERTIME: A quiet day of trading left stock indexes mixed Monday. There was little in the way of news to shake the market out of a summertime stupor, other than a report from the Institute for Supply Management that the U.S. service sector expanded in July, helped by a rise in new orders.

APPLE NEWS: Apple, the biggest company in the Nasdaq, rose after news that President Barack Obama's administration prevented a ban on imports of some iPhones and iPads. Apple gained $6.91, or 1 percent, to $469.45.

FINAL SCORE: The Dow Jones industrial average fell 46.23 points, or 0.3 percent, to close at 15,612.13. The S&P 500 index slipped 2.53 points, or 0.2 percent, to 1,707.14.