NEW YORK, Oct 13 ― Wall Street ended sharply higher yesterday, fuelled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season. Apple Inc jumped 6.4 per cent, adding US$128 billion (RM530.7 billion) to its stock...
Apple Inc jumped 6.4 per cent, adding US$128 billion to its stock market value, ahead of an event today, when it is expected to unveil its newest iPhones. — Reuters pic
Amazon rallied 4.8 per cent ahead of its annual Prime Day shopping event on October 13 and 14. Microsoft jumped 2.6 per cent, helping lift the S&P 500 information technology index 2.7 per cent. Optimistic sentiment dominated after the Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill as negotiations on a broader package ran into resistance.
However, with growing expectations of a Democratic win in next month's presidential election, investors are increasingly pointing to potential benefits of a Biden presidency, such as greater infrastructure spending and less global trade uncertainty. Results from big US banks will be in focus this week, with JPMorgan & Co and Citigroup set to report today.
The Dow Jones Industrial Average rose 0.88 per cent to end at 28,837.52 points, while the S&P 500 gained 1.64 per cent to 3,534.22.The S&P 500 energy index fell 0.15 per cent as oil prices dropped on easing supply worries.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple stock climbs on 5G iPhone expectations ahead of event | Malay MailNEW YORK, Oct 13 ― Apple's stock was up significantly in US trading yesterday ahead of a much-anticipated event where the tech giant is expected to unveil its 5G-capable iPhone 12 line-up. The company is the most expensive on Wall Street with a value of US$2.03 billion (RM8.4 billion) as of the...
Read more »
Another Covid-19 case involving KL’s Mid Valley Megamall’s tenant, Apple reseller Machines confirms | Malay MailKUALA LUMPUR, Oct 12 — A staff member of yet another tenant in Mid Valley Megamall in Kuala Lumpur has tested positive for Covid-19, just after news of a positive case involving another store. In a Facebook post just hours ago, Machines — a reseller of tech products under the Apple brand —...
Read more »
Covid-19: Apple reseller Machines confirms employee at Mid Valley outlet tested positivePETALING JAYA: Apple reseller Machines has confirmed that one of their employees at their Mid Valley outlet tested positive for Covid-19 on Monday (Oct 12).
Read more »
5G iPhone expected to star at Apple event | New Straits TimesSAN FRANCISCO: Apple is expected on Tuesday to unveil a keenly anticipated iPhone 12 line-up starring models tuned to super-fast new 5G telecom networks in an update considered vital to the company’s fortunes.
Read more »
Man shot dead at duelling Denver rallies, suspect in custody | Malay MailDENVER, Oct 11 — A man was fatally shot yesterday during duelling protests by left-wing and right-wing groups in downtown Denver, and police arrested a suspect they said was working as a private security guard. An NBC News affiliate, KUSA-TV, said on its website that the man taken arrested for...
Read more »
Security guard held on suspicion of murder in shooting at Denver political rallies | Malay MailDENVER, Oct 11 — A security guard hired to protect a Denver television news crew covering opposing rallies of right-wing and left-wing political activists is being held in custody on suspicion of first-degree murder in the fatal shooting of a protester, police said yesterday. The deadly gunfire...
Read more »