- Associated Press - Monday, September 19, 2011

LOS ANGELES (AP) - Apple Inc. stock reached its highest level ever Monday, hitting $411.50 in intraday trading even as the broader market declined.

That price was 2.7 percent higher than Friday’s close and brought the company’s market capitalization to $381.4 billion, albeit briefly.

But, even when the stock slipped later Monday to about $410, it was up about 2.4 percent, while the Dow Jones industrial average fell 1.6 percent.

Apple is again the most valuable company in America, putting Exxon Mobil, whose market cap Monday was about $356.6 billion, at No. 2.

The record-setting trade for 317 shares occurred at 11:49 a.m. Eastern time, according to FactSet.

Apple shares have risen steadily recently, despite company mastermind Steve Jobs’ resignation as CEO Aug. 24 amid an extended leave for medical reasons.

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