S&P 500 soars to record as Apple becomes $1T company - Fox Business

The S&P 500 hit an all-time high Wednesday, led by surging Apple shares that turned the iPhone maker into a $1 trillion corporation.

Continue Reading Below

Apple reached that milestone when, in intraday trading, shares reached $212.07.

Ticker	Security	Last	Change	%Chg
AAPL	APPLE INC.	212.74	+12.07	+6.01%

Stocks also got a boost from a surprisingly strong ADP report on April job creation. ADP said U.S. employers created 275,000 jobs, far higher than the 180,000 analysts had expected.

Wall Street's gains came ahead of an interest rate announcement by the Federal Reserve, which is expected to hold the cost of money steady.

MORE FROM FOXBUSINESS.COM ...

Advertisement

Treasury yields were fractionally lower ahead of the Fed's announcement on interest rates, which is set for 2 p.m. ET.

Crude oil slipped to $63.54 per barrel.

Ticker	Security	Last	Change	%Chg
I:DJI	DOW JONES AVERAGES	26627.23	+34.32	+0.13%
SP500	S&P 500	2949.6	+3.77	+0.13%
I:COMP	NASDAQ COMPOSITE INDEX	8127.028871	+31.64	+0.39%

Investors are coming off a big trading day: The S&P 500 on Tuesday notched a record high for the third straight session on unexpectedly strong quarterly results from General Electric and biopharmaceutical company Pfizer.

CLICK HERE TO GET THE FOX BUSINESS APP

Many bourses outside the U.S., including those in China, Korea and Japan, as well as continental Europe, were closed Wednesday for May Day observances.

One exception is Britain’s FTSE 100, which slipped 0.03 percent.

Let's block ads! (Why?)

https://www.foxbusiness.com/markets/us-stocks-wall-street-may-1-2019

2019-05-01 14:18:01Z
52780282459955