U.S. stocks up

Stocks advance as Apple bounce

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Summary:

  • U.S. stocks up due to an 2.2% increase in retail spending in July, which means the economy is expanding and it shows that it is improving because of the strong economic data in Retail.
  • Apple stocks helped fuel the strong push today, it jumped 5% because  Apple shares were the second best performing in the S&P 500 after activist investor Carl Icahn took to Twitter to announce that he has a “large position” in the company and believes it to be “extremely undervalued.”
  • The Dow Jones industrial average (^DJI) rose 31.33 points or 0.2 percent, to 15,451.01, the S&P 500 (^GSPC) gained 4.69 points or 0.28 percent, to 1,694.16 and the Nasdaq Composite (^IXIC) added 14.492 points or 0.39 percent, to 3,684.443.
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Categories: Capital Markets

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