: :inin Kyiv (EET)

S&P 500 at new record on Apple earnings; Dow drops


NEW YORK–The S&P 500 Wednesday closed at a new record high after strong Apple earnings lifted the tech sector on a mixed day for stocks.

The S&P 500 added 3.48 points (0.18 percent) at 1,987.01, breaching a record set three weeks ago by about three points.

The Dow Jones Industrial Average dropped 26.91 (0.16 percent) to 17,086.63, dragged down by a hefty fall by Boeing.

The tech-rich Nasdaq Composite Index jumped 17.68 (0.40 percent) to 4,473.70.

“There’s less talk of geopolitical concerns, whether it be in Gaza or Ukraine, and more discussion of fundamentals,” said Art Hogan, chief market strategist atWunderlichSecurit…Keep on reading: S&P …read more

Source: The Philippine Daily Inquirer

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