Apple tops $1 trillion, leading gains for US stocks
August 3, 2018
NEW YORK (AP) — U.S. stocks climbed Thursday as Apple led a rally in technology companies and reached $1 trillion in value. Consumer products and health care companies rose as second-quarter results from corporate America continued to surpass investors' expectations.
Stocks in Asia and Europe fell after the White House said it will consider even higher tariffs on Chinese imports, escalating the trade conflict between the world's two biggest economic powers.
U.S. stocks opened lower as energy and basic materials companies slumped, but those early losses eased as the day went on. Solid results f...
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