TECH STOCKS: Apple Slips Below $600, Netflix Retreats –


SAN FRANCISCO (MarketWatch) By Benjamin Pimentel, MarketWatch–

Image representing Apple as depicted in CrunchBase

Technology stocks were modestly lower Monday, led by shares of Apple Inc., which slipped back below the $600 level.

Apple (AAPL) shed 3.2% to close at $583.98, as the Nasdaq Composite Index (RIXF) edged down by 0.7% to close at 3,046.

The Philadelphia Semiconductor Index (SOX) also was down a fraction.

Also in the red were shares of Netflix Inc. (NFLX), which lost 4.3% to close at $80.14.

Apple was highlighted in a lengthy report by the New York Times over the weekend, which took a look at the methods the company resorts to minimize its tax liability. The article noted these methods are used by many high-tech firms and companies in other industries…..

Read more By Benjamin Pimentel, MarketWatch***