NewsFeeder
08-02-2017, 03:30 PM
Dow cracks 22,000, Apple hits record high
Apple (AAPL.O) jumped 4.73 percent to a record high after the world's largest publicly listed company reported strong results. The iPhone maker's rise helped push the Dow to a record closing high, although tech heavyweights Microsoft, Facebook and Alphabet all lost ground following recent strong gains that have made the sector the strongest performer in 2017. Some investors believe corporations must start spending less on buying back shares and more on technology to improve productivity in order to justify further gains in Silicon Valley stocks, with the S&P 500 information technology index (.SPLRCT) already up 23 percent this year.
https://finance.yahoo.com/news/apple-rally-looks-set-power-123541461.html?.tsrc=rss
Apple (AAPL.O) jumped 4.73 percent to a record high after the world's largest publicly listed company reported strong results. The iPhone maker's rise helped push the Dow to a record closing high, although tech heavyweights Microsoft, Facebook and Alphabet all lost ground following recent strong gains that have made the sector the strongest performer in 2017. Some investors believe corporations must start spending less on buying back shares and more on technology to improve productivity in order to justify further gains in Silicon Valley stocks, with the S&P 500 information technology index (.SPLRCT) already up 23 percent this year.
https://finance.yahoo.com/news/apple-rally-looks-set-power-123541461.html?.tsrc=rss