Tue, 15 Jan 2013 11:26:04 GMT
Apple shares drag down the S&P 500 index
U.S. stocks inched lower on Monday, as S&P 500 index dropped from its five-year high after shares of Apple Inc. tumbled on rising concerns about the iPhone sales. The most valuable company slipped 3.6% to $501.75, the first time in 11 months, as report showed Apple curbed iPhone production amid weak demand for iPhone5. The S&P 500 declined 0.1% to