Stocks Open Giant On Wall Street Apple Nears $2 Trillion

Stocks Open Giant

Stocks Open Giant On Wall Street Apple Nears $2 Trillion

NEW YORK (AP) — Stocks are opening higher on Wall Street Wednesday, a day after the S&P 500 closed at a record high for the first time since February. Technology led the way higher again, and Apple edged closer to becoming the first U.S. company to be worth $2 trillion. Target soared the most in the S&P 500 after reporting blowout earnings that came in far ahead of what analysts were expecting. Walmart and Home Depot have also reported huge sales over the past three months as Americans limit their supply runs to fewer stores and do more cooking and do-it-yourself projects at home.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below.
World share prices pushed higher on Wednesday after the S&P 500 logged an all-time high, with U.S. futures up again ahead of the start of trading.
The future for the S&P 500 was up 0.1% while the contract for the Dow industrials gained 0.2%, suggesting the euphoria from the S&P 500′s new record is not over yet.
In Europe, Germany’s DAX was up 0.3% at 12,921 and the CAC 40 in Paris also was 0.2% higher at 4,946. Britain’s FTSE 100 edged 0.2% higher to 6,095.
Trade tensions between the U.S. and China are keeping investor sentiment in check after President Donald Trump said he had postponed talks a virtual meeting scheduled for last weekend because “I don’t want to deal with them right now.”
“I canceled talks with China,” Trump said while out campaigning Tuesday in Yuma, Arizona.
The two sides had been overdue for consultations on progress on an agreement reached in January that brought a truce to a bruising tariff war over technology and other issues.
Hong Kong’s Hang Seng lost 0.9% to 25,138.05 after the market opened late for a short session due to a tropical storm. The Shanghai Composite index sank 1.2% to 3,408.13.
Japan’s Nikkei 225 index gained 0.3% to 23,121.32 after the country reported its exports fell 19% in July from a year earlier, better than expected and an improvement over a 26.2% drop in June.
An 8.2% rise in exports to China, the first since early-2019, suggests the recovery there is helping offset weak demand in other markets, said Marcel Thieliant of Capital Economics.
The nearly 21% decline in exports to the U.S. was much better than the 50.6% slump in May, with strong demand for technology allowing people to work from home helping sustain exports of computer chips and electrical machinery, he said. “But car exports, which were down 30% year-on-year, remain Japan’s Achilles heel,” Thieliant said in a commentary.
Stocks Open Giant
Stocks Open Giant On Wall Street Apple Nears $2 Trillion
Stocks Open Giant On Wall Street Apple Nears $2 Trillion
Stocks Open Giant
Stocks Open Giant On Wall Street Apple Nears $2 Trillion
 

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