Stocks rise on Wall Street, but Apple loss weighs on tech

Published December 2, 2021 9:38 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks rose broadly on Wall Street Thursday as investors continue to monitor the spread of the new coronavirus variant as well as measures that the U.S. and other governments are taking to restrain it. The S&P 500 rose 1.4% and the Dow Jones Industrial Average climbed 1.8%. The Nasdaq rose 0.8%. The tech-heavy index was held back by a loss in Apple after news outlets reported that the company was seeing weaker demand for its iPhone 13. Small-company stocks outpaced the rest of the market. Crude oil prices rose after OPEC decided to maintain its production levels.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.