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10B Daily News – Tuesday, August 28, 2012 NEW YORK (AP) — The biggest story in the stock market Monday was Apple, but that was- n't saying much. Stocks barely moved. On a quiet day, Apple rules the stock market Wall Street Trading was light, even by the slumberous stan- dards of August. Investors — those who weren't on vacation — killed time waiting for a speech by Federal Reserve Chairman Ben Bernanke later this week. In the meantime, there wasn't much else to guide them. Apple was one of the only shreds of action in an otherwise dull market. The stock shot to an all-time high of $680.87 and finished at $675.68, up $12.46, or 1.9 per- cent. Late Friday, a jury found that Samsung copied some of the fea- tures of the iPhone and iPad, and Samsung could be forced to take prod- ucts off the shelves. Apple's move wasn't the biggest on the stock market Monday. Best Buy, Hertz, Dollar Thrifty and other compa- nies all moved by bigger percentages. But the Nasdaq com- posite index and Stan- dard & Poor's 500 index are weighted by stock market value, so the biggest companies are the most important. A small change in Apple can influence the market more than big swings by smaller companies. Apple makes up more Through the Newspapers in Education program, area classrooms receive the Red Bluff Daily News every day thanks to the generosity of these local businesses & individuals. THANK YOU FOR SUPPORTING NEWS DAILY RED BLUFF TEHAMACOUNTY E VOICE OF TEHA M A C O U N T Y S I N C E 1 8 8 5 NEWSPAPERS than 13 percent of the Nasdaq composite, and helped the index grasp a slight gain, rising 3.4 points to 3,073.19. It makes up 5 percent of the Standard & Poor's 500 index, which fin- ished down 0.69 point to 1,410.44. The Dow Jones indus- trial average, which does not include Apple, fell 33.30 points to 13,124.67. company by stock mar- ket value in American history, worth $633 bil- lion as of Monday. That's more than 100 times the value of Best Buy or Hertz, and about 260 times as much as Dollar Thrifty. Overall trading was subdued — just 2.4 bil- lion shares. The only quieter day this year was July 3, a Tuesday that fell before a midweek Fourth of July. ''The market is kind of on hold until Jackson Hole,'' said Randall War- ren, chief investment officer of Warren Finan- cial Service in Exton, Pa., referring to the Wyoming resort town where Bernanke will speak. ''Probably Apple is the only thing that's moving the market today. It's stunning how big they are.'' Investors will scour • THE GOLD EXCHANGE • LUIGI'S PIZZA • RED BLUFF AUTO DISMANTLING • OLIVE CITY QUICK LUBE • WALMART • ADOBE ROAD CHEVRON • CORNING AUTO CENTER • DM TECH HIGH SPEED INTERNET • GARCIA CONSTRUCTION • INTER-CITY BODY & PAINT • NORTH MAIN AUTOMOTIVE • RANCHO GRANDE RESTAURANT • SCHOOL HOUSE MARKET • TEHAMA CO. DEPT. 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Call us any time for: • An extensive network of recruiting sources • HR expertise and support services • Temporary Workers • Evaluation hire • Testing and training • Experienced recruiters • Full-time employees • Carefully screened candidates • Dedicated service Apple is the biggest or $6.08, to $87.08. Best Buy climbed 56 cents, or 3.2 percent, to $17.87 after announcing that its founder would be able to pursue his plans to buy the company and take it off the public stock market. But mostly, trading was quiet. Out of 19 trading days this month, the Dow has moved more than 1 percent only once. On five days it has been virtually flat, moving less than one-tenth of a percentage point. In Europe, the debt crisis trudged along, but with no real steps for- ward or back. more government bonds or take other action to try to speed up the economic recovery. But some investors doubt there's much the Fed can do. The Fed's two previous rounds of bond-buying, launched in March 2009 and November 2010, were designed to lower inter- est rates, but short-term rates are already near zero. ''Who cares what the many's central bank repeated his opposition to a bond-buying plan that could lower borrow- ing costs for countries like Spain and Italy but that would require Ger- many to foot most of the bill. The head of Ger- Germany's finance minister and economy minister weighed in over the weekend, saying they wouldn't give Fed's going to do?'' said Steve Quirk, senior vice president of the trader group at TD Ameritrade in Chicago. ''It's not effective anymore any- way.'' Shares of Hertz and Dollar Thrifty jumped because Hertz announced it would buy its rival. Hertz shares rose 8.1 percent, or $1.06, to $14.21. Dollar Thrifty rose 7.5 percent, THE Locally owned & operated Keep the WARM air out & the 5A>6 air in ENERGY EFFICIENT WINDOWS & DOORS with Better Built Windows REMEMBER US FOR ALL YOUR DOOR & MOLDING NEEDS. www.expresspros.com 530-527-0727 243 So. Main Street We're not just for contractors 1040 B Monroe St., Red Bluff (530) 527-7962 LIC#659256 FREEDOM FROM DEBT! Find out how U. S. Bankruptcy Law can help you-- For a free consultation call Attorney J. C. Olander at 530-824-0288 Offices in Corning and Redding www.jcolander.com A federally qualified Debt Relief Agency under 11 U.S.C. 101(12(A)) more time to make the spending cuts that Ger- many has demanded. But none of the com- ments came as a surprise, and bigger events lie ahead. German courts will decide next month whether Germany is con- stitutionally allowed to keep participating in bailouts. Greece Have a news tip? Call 527-2151, Ext. 112