Dow Jones: U.S. Stocks Rise After Apple Makes New Releases
ICM Brokers | Sep 11, 2014 02:35AM ET
Dow Jones
U.S. stocks rose on Wednesday after investors digested tech giant Apple's (NASDAQ:AAPL) new phones and smartwatch released Tuesday and later applauded the new additions, which sparked a tech-sector rally a day later. U.S. stocks rise on coattails of tech rally; Dow gains 0.32% Wall street rises on demand for tech stocks, though Fed remains in focus At the close of U.S. trading, the Dow 30 rose 0.32%, Apple unveiled two larger-screen phones and a smartwatch on Tuesday, and while its shares rose initially on the news, uncertainty as to when U.S. interest rates will rise dampened the share price at the closing bell. By Wednesday, investors shrugged off concerns the Federal Reserve may raise interest rates sooner than later, and applauded Apple's products, which sent tech stocks rising and brought broader stock indices up as well.
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