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The major indices close higher and reverse earlier losses


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Nasdaq leads the way…

The major indices closed higher and reversed earlier losses near the early hours of the trading day:

  • The S&P closed up 10.78 points or 0.37% at 2887.91
  • The NASDAQ index closed up 48.313 points or 0.61% at 7972.47
  • The Dow close of 113.99 points or 0.44% at 25971.06.

Apple was a big winner today a day ahead of its new product releases. The US’s largest capitalized stock rose $5.51 or 2.53% to $223.85.  
Intel was a big loser following $1.37 or -2.96% to $44.93.  
Tesla was also under pressure on another downgrade. It fell $6.06 or -2.12% to $279.44. 

  • Amazon rose 2.48%.
  • Netflix rose 2.16%
  • Microsoft rose 1.76%
  • Home Depot, on the back of support from hurricane Florence, rose an additional 1.52% today

On the downside, in addition to Intel’s decline:

  • broadcom, fell -3.35%
  • Micron fell -2.9%
  • Celgene fell -2.15%
  • Nvidia fell -0.70%

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