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Nasdaq and major benchmarks higher into close; Apple falls

The Dow Jones was up 44 points going into close; S&P500 and Nasdaq were also higher
Dow Jones and Nasdaq head higher as Apple fans gather in Cupertino
Wall Street stocks are higher into the close
  • US share s higher into close

  • Apple falls on sales news

  • US crude rises

  • TSX up over 100 points

 

US benchmarks are still higher going into the close.

The Dow Jones Industrial Index is up over 44 points at  22,101, while the S&P500 is up 6.26 at 2,494.

The tech heavy Nasdaq index is up 15.53 at 6.447.

US crude - West Texas Intermediate - is up 0.35% to stand at $48.23 a barrel.

Tech giant Apple (NASDAQ:AAPL) is in focus of course because of the product launch but its shares dropped 0.46% in afternoon deals to $160.70 each after news emerged that sales of its latest smartphone - the iPhone X -  will occur in the next fiscal year.

It will be available for pre-order in October, and not delivered until November 3. 

MID-SESSION

US stocks were still higher at mid-session as eyes were glued to the Apple event at the Steve Jobs theater in California,

The latest iteration of Apple watch has been covered, as has Apple TV but the big reveal on the latest iPhone has yet to come.

Shares in Apple are up 1.13% to $163.33 at the time of writing.

On Wall Street, the Dow Jones in up 63 at 22,121, then Nasdaq added 20 to 6,451 and the S&P 500 gained 7 to stand at 2,495.

US crude- West Texas Intermediate is up 0.37% to $48.25.

In company news, Aldeyra Therapeutics Inc (NASDAQ:ALDX) surged almost 50% as it posted 'positive' results from dry eye disease Phase 2a clinical trial.

Aethlon Medical, Inc (NASDAQ; AEMD) shot up over 42% as it revealed that it had received Expedited Access Pathway designation from the all important FDA to accelerate US access to Hemopurifier.

 

 

 

OPEN

US shares started higher as the stock rally continues and the market eyes Apple's (NASDAQ:AAPL) iPhone update later today.

The Dow Jones added almost 60 points to 22,116, while the broader based S&P500 index gained almost six points at 2,493.

The tech heavy Nasdaq added 5.46 at 6,437.

It comes as news is also emerging that President Donald Trump will visit China in November this year - the second meeting between the two leaders.

Apple shares are down a tads -  0.37% to $160.90 -  at the time of writing, ahead of CEO Tim Cook's presentation earmarked for 1pm Eastern Time.

Indeed tech stocks will be in focus generally as the new iPhone X is launched.

The device is said to include facial recognition as well many new additions. But the proof will, of course, be in the pudding.

In Toronto, the TSX index is ahead by almost 52 points to stand at 15,092.

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