S & P 500 mounts to record while Apple becomes a $ 1 company



[ad_1]

On Wednesday, the S & P 500 index broke a record, thanks to the soaring shares of Apple, which turned the iPhone maker into a $ 1 trillion company.

Apple crossed this stage when, in intra-day trading, its shares reached $ 212.07.

Teleprinter security Latest Change % Chg
AAPL APPLE INC. 212.74 +12.07 + 6.01%

The shares also benefited from a surprisingly strong ADP report on job creation in April. According to ADP, US employers have created 275,000 jobs, far more than the expected 180,000 analysts.

The gains on Wall Street took place before the announcement by the Federal Reserve of interest rates, which should stabilize the cost of money.

MORE FOXBUSINESS.COM …

Treasury yields have declined slightly compared to the Fed's announcement on interest rates, which is set at 2 am. AND.

Crude oil slipped to $ 63.54 a barrel.

Teleprinter security Latest Change % Chg
I: DJI DOW JONES MEANS 26627.23 +34.32 + 0.13%
SP500 S & P 500 2949.6 3.77 + 0.13%
I: COMP COMPOUND INDEX NASDAQ 8127.028871 31.64 + 0.39%

Investors start a big day of trading: The S & P 500 reported a record-breaking record for the third consecutive session on Tuesday, thanks to exceptionally strong quarterly results from General Electric and Pfizer biopharmaceutical company.

CLICK HERE TO GET THE FOX BUSINESS APP

Numerous scholarships outside the United States, including China, Korea and Japan, as well as continental Europe, were closed Wednesday for the May Day celebrations.

The UK FTSE 100, which slipped 0.03%, is an exception.

[ad_2]

Source link