US STOCKS-Wall St buoyed by Apple; trade concerns, mixed PMI cap gains [Reuters]
Apple Inc. (AAPL)
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Source: Reuters
Wall Street buoyed by Apple; trade concerns, mixed PMI cap gains - Reuters 4 Min Read (Reuters) - Apple Inc boosted the S&P 500 and the Nasdaq on Monday, even as gains were limited by mixed economic cues in the face of a prolonged U.S.-China trade war. Apple Inc ( AAPL.O ) rose 0.5% after U.S. trade regulators approved 10 out of 15 requests for tariff exemptions by the iPhone maker. Micron Technology Inc ( MU.O ), which supplies components to Apple, rose about 1.9%. The chipmaker is set to post its fourth quarter results on Thursday. Meanwhile, U.S. employment in the services sector shrank for the first time in nine-and-a-half years in September, IHS Markit’s Purchasing Manager’s Index (PMI) showed on Monday. At 50.9, the services sector PMI was below expectations of 51.3. The data also showed manufacturing activity rose in September, topping expectations. Earlier in the day, a survey showed manufacturing recession had deepened in Germany, Europe’s biggest economy. “We had some ma
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AAPL
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