Wall Street's main indexes rose on Tuesday, as Apple and chipmakers boosted...
- Wall Street’s main indexes rose on Tuesday, as Apple and chipmakers boosted technology shares, while higher oil prices lifted energy companies.
“Markets are higher despite worries of slowing global growth, but they have been pretty resilient all the way along so it’s kind of hard to bring them down at this point,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago Apple rose 0.84 percent, a day after the iPhone maker unveiled its video streaming service, a credit card and an online gaming arcade.
At 12:47 p.m. ET, the Dow Jones Industrial Average was up 93.43 points, or 0.37 percent, at 25,610.26. The S&P 500 was up 13.52 points, or 0.48 percent, at 2,811.88 and the Nasdaq Composite was up 42.44 points, or 0.56 percent, at 7,679.99. Markets also looked past weak consumer confidence numbers for March, as well as housing data that showed U.S. homebuilding fell more than expected in February.
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