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Apple Jumps as US Stocks Rise in Late Trading

The market overcame early losses Wednesday
By Newser Editors and Wire Services
Posted Jul 27, 2016 3:20 PM CDT
Apple Jumps as US Stocks Rise in Late Trading
Trader John Santiago works on the floor of the New York Stock Exchange on Wednesday.   (Richard Drew)

(Newser) – Stocks turned higher in late-afternoon Wednesday, recovering from an early loss, the AP reports. Technology stocks, including Apple and Facebook, posted solid gains, overcoming weakness in consumer staples makers, including Coca-Cola. Energy companies fell along with the price of crude oil.

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The Dow Jones industrial average rose 38 points, or 0.2%, to 18,511. The Standard & Poor's 500 index rose a point, or 0.1%, to 2,170, and the Nasdaq composite rose 37 points, or 0.7%, to 5,147. (Read more stock market stories.)

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