Shares of Apple Inc. AAPL, -2.97% slipped 2.97% to $113.85 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +0.21% rising 0.22% to 11,880.63 and the Dow Jones Industrial Average DJIA, +1.12% rising 1.12% to 29,591.27. This was the stock’s second consecutive day of losses. Apple Inc. closed $24.13 short of its 52-week high ($137.98), which the company reached on September 2nd.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. MSFT, -0.13% fell 0.13% to $210.11, Alphabet Inc. Cl A GOOGL, -0.50% fell 0.51% to $1,727.56, and International Business Machines Corp. IBM, +2.69% rose 2.69% to $120.09. Trading volume (125.8 M) remained 4.5 million below its 50-day average volume of 130.3 M.