Stock Markets Latest News: Apple Leads an Early Advance in Technology Stocks

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Stock Markets Latest News: Apple Leads an Early Advance in Technology Stocks

Stock Markets Latest News: Apple Leads an Early Advance in Technology Stocks
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Stock Markets Latest News: Apple Leads an Early Advance in Technology Stocks

Wochit 1:05 mins

Apple is leading an early advance in technology stocks on Wall Street after beating analysts' estimates for earnings and revenue. Apple jumped 5 percent to $438 in the first few minutes of trading. Apple shipped more iPhones in the latest quarter and said it was planning to introduce new products in the fall. Wall Street was slipping as surprisingly strong economic figures out of Europe and upbeat earnings from Apple could not outweigh earlier concerns over China. In early trading, the Standard & Poor?s 500-share index was 0.2 percent lower and the Dow Jones industrial average fell 0.2 percent, while the Nasdaq composite was 0.1 percent nigher. The Dow industrials and the S&P 500 kept close to record intraday highs in a tight trading range, with healthy earnings from United Technologies bolstering the blue-chip Dow.

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