1 month ago
Stock Market

Stocks - Wall Street Jumps as Apple Appeases Investors Ahead of Fed

Investing.com - Wall Street surged on Wednesday as Apple (NASDAQ:AAPL) results lifted sentiment and investors looked ahead to the

Investing.com - Wall Street surged on Wednesday as Apple (NASDAQ:AAPL) results lifted sentiment and investors looked ahead to the Federal Reserve’s press conference later in the day.

The S&P 500 rose 17 points, or 0.67%, as of 9:33 AM ET (14:33 GMT), while the Dow jumped 283 points, or 1.15%, and the tech-heavy Nasdaq Composite gained 74 points, or 1.06%.

Apple jumped 4.5% after the company reported an increase in its services business, offsetting a steep decline in iPhone sales due to a slowdown in the Chinese economy. The numbers helped offset worries that trade tensions between the U.S. and China are contributing to a slowdown in the global economy.