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U.S. Stocks Close Mostly Higher as Apple Hits $1 Trillion Market Cap


Friday, 3 August 2018 03:56 WIB

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U.S. stocks closed mostly higher Thursday on the back of strong technology shares as Apple Inc. became the first U.S. company to hit a $1 trillion market capitalization.

Apple's milestone comes on the heels of strong quarterly earnings and an upbeat outlook issued earlier in the week. However, trade-related concerns as President Donald Trump pursues his hard-line trade policies capped the upside. The S&P 500 rose 13 points, or 0.5%, to 2,827 and the Nasdaq Composite Index added 95 points, or 1.2%, to 7,802. The Dow Jones Industrial Average slipped 7 points to 25,326.

Source : Marketwatch


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