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Originally published Monday, March 4, 2013 at 1:47 PM

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News Summary: Dow closes at highest of the year

HIGH FOR THE YEAR: Stocks advanced Monday, pushing the Dow to its highest close of the year, after investors shrugged off concerns about Chinese growth that pushed stocks lower in early trading.

The Associated Press

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NEW YORK —

HIGH FOR THE YEAR: Stocks advanced Monday, pushing the Dow to its highest close of the year, after investors shrugged off concerns about Chinese growth that pushed stocks lower in early trading.

CHINA HOUSING: Chinese markets were dragged down by housing stocks, which fell sharply after the country's government ordered new measures to rein in home prices.

i-SLUMP: Apple slid 2.4 percent to $420, pushing the company's market value below $400 billion. The company's stock is trading at its lowest level in a year, and has slumped 40 percent since peaking in September on concern that sales growth for its phones and tablets will slow.

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