Markets surge; Sky drama; New iPhones hit stores [CNN]
Apple Inc. (AAPL)
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Source: CNN
Click chart for more in-depth data. 1. Markets surge: The Dow Jones industrial average surged 1% and closed at a record high on Thursday. It's the index's first new record since January. The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China, the world's two biggest economies. The Dow closed at 26,657. It has spiked about 3,300 points since hitting a recent low on April 2. Investors are betting that the strong US economy will help minimize the impact of tariffs. The S&P 500 gained 0.8% on Thursday and the Nasdaq added 1%. Momentum could continue on Friday. US stock futures were higher, and European markets opened with gains. The Shanghai Composite jumped 2.5% and Hong Kong's Hang Seng increased 1.7%. 2. Sky drama: The fate of European broadcaster Sky is likely to be decided on Saturday. Sky ( SKYS ) has been the subject of
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AAPL
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AAPL
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