Stocks slip in midday trading; Apple hits new high

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Among stocks making big moves Monday, Office Depot Inc. rose 13 cents, or 5 percent, to $2.60 after an investment firm pushing for changes at the office-supply chain announced it had become the retailer’s largest shareholder. Office Depot has struggled recently because businesses have cut spending at its stores as the economy slowed.

Iris International Inc., a maker of medical test products, jumped $6.12, or 46 percent, to $19.54 after its board agreed to sell the company to Danaher Corp., a health care and industrial manufacturer.

More than two stocks fell for every one that rose on the New York Stock Exchange. Volume was light at 3.2 billion shares.

On Tuesday, the National Association of Home Builders releases its survey for September sales. The government follows on Wednesday with data on both housing starts and existing home sales.

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