|09-11-2014, 05:01 AM||#1|
U.S shares close in green and Nasdaq rebounds
Wall Street closed in green territories with the Nasdaq 100 Index recovering almost all of yesterday’s losses, as a rally in Apple Inc. lifted technology companies while investors continued to speculate on the timing of interest-rate increases.
Accordingly indices came as following:
-The Dow Jones Industrial Average gained by 0.32% to 17068.71.
-The S&P 500 Index gained by 0.36% to 1995.69
-The NASDAQ Composite inclined by 0.75% to 4586.52. As of 16:16 a.m. ET
Meanwhile, volatility in Apple’s shares continued, as investors are still considering the impact of Apple’s product launch even, in which the tech giant revealed its flagship iPhone 6, together with a new smartwatch and a new payments system.
Shares of Apple were last up 0.2%, and earlier rose 1%.
Analysts at Pacific Crest cut Apple to “sector perform”, citing the absence of new “profit drivers” to maintain an “outperform” rating, even after Tuesday’s product launch event.
Shares in Microsoft could be on the move after the Wall Street Journal reported the technology group is close to buy the maker of the popular “Minecraft” videogame for about $2 billion.
Krispy Kreme Doughnuts shed 4.83% after reported less-than-expected adjusted profit, despite posting stronger revenue.
Wall Street closed in red territories with actually the Standard & Poor’s 500 Index after a five-week rally sent the gauge to a record
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