Stocks break two-day losing streak as Apple gains
NEW YORK (AP) — Stocks are closing slightly higher as the market breaks a two-day slump.
Apple was in focus again. The company gained 3 percent a day after announcing a mobile payment system, new iPhones and a smartwatch.
Krispy Kreme Doughnuts sank 3 percent after reporting earnings that fell short of analysts’ forecasts.
The Dow Jones industrial average rose 54 points, or 0.3 percent, to close at 17,068 Wednesday.
The Standard & Poor’s 500 index rose seven points, or 0.4 percent, to 1,995. The Nasdaq composite rose 34 points, or 0.8 percent, to 4,586. Apple is the biggest component of both the S&P 500 index and the Nasdaq.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.54 percent.