Wednesday, 10 May 2017

Wall Street loses oomph but Apple crosses USD 800-billion mark

The S&P 500 fell on Tuesday after edging up to an intra-day record high for the second straight session, while Apple became the first US company to close with a market capitalization above USD 800 billion. Better-than-expected quarterly earnings from US companies and Emmanuel Macron's victory in the French presidential election on Sunday have given investors confidence, but valuations for US stocks are already higher than average.

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