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Business

S & P 500 will register as Apple becomes $ 1T company




S & P 500 hit a full-time high Wednesday, led by growing Apple stocks that made the iPhone manufacturer a $ 1 trillion company.

Apple reached that milestone when during intraday trading stocks reached $ 212.07.

Ticker Security Cargo Change % Chg
AAPL APPLE INC. 21[ads1]2.83 +16.16 + 6.06%

Shares also have an increase from a surprisingly strong ADP report on job search in April. ADP said US employers created 275,000 jobs, far higher than the 180,000 analysts expected.

Wall Street's gains came before the Federal Reserve's interest rate announcement, which is expected to keep the cost of money steady.

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Treasury returns were fractionally lower than Fed's interest rate announcement, set at 2 pm ET.

Crude oil melted to $ 63.54 per barrel.

Ticker Security Last Change % Chg
I: DJI DOW JONES AVERAGES 26630.55 +37.64 + 0.14%
+ 0.14%
I: COMP NASDAQ COMPOSITE INDEX 8123.694561 +28.31 + 0.35%

Investors come out of a big trading day: S & P 500 Tuesday recorded a record high for the third fast session of unexpectedly strong quarterly results from General Electric and the biofarm company Pfizer

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Many bursaries outside the US, including those in China, Korea and Japan, as well as continental Europe, was closed Wednesday for the gala day.

One exception is the UK's FTSE 100, which fell 0.03 percent.



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