Wall St rises with Apple, biotechs
Friday, 11 September 2015
US stocks ended higher on Thursday in another day of broad swings as investors showed nervousness ahead of next week's much-anticipated Federal Reserve meeting, but gains in Apple and biotech shares supported the day's advance. Apple's shares (AAPL.O) rose 2.2 per cent to $112.57, rebounding from losses the day before when the iPhone and iPad maker unveiled new offerings. Biotech also boosted the market, with Gilead (GILD.O) up 3.3 per cent at $107.25, giving the second-biggest boost to the S&P 500 and Nasdaq after Apple. The Nasdaq biotechnology index .NBI was up 1.9 per cent. The Dow Jones industrial average .DJI rose 76.83 points, or 0.47 per cent, to 16,330.4, the S&P 500 .SPX gained 10.25 points, or 0.53 per cent, to 1,952.29 and the Nasdaq Composite .IXIC added 39.72 points, or 0.84 per cent, to 4,796.25. About 6.8 billion shares changed hands on US exchanges, below the 8.1 billion daily average for the past 20 trading days, according to Reuters.
-Shuvo-