Apple Inc.’s stock surge could be the sole reason for the Dow Jones Industrial Average’s early gain on Wednesday, which might be enough to propel the blue-chip index above the 22,000 milestone at the open. Apple’s stock ran up $8.46, or 5.7%, in premarket trade into record territory, after the technology giant reported late Tuesday second-quarter profit and revenue that beat expectations. That price gain would add about 58 points to the Dow, and Dow futures were recently up 37 points. Adding that to Tuesday’s closing price of 21,963.92 would put the Dow about 1 point above the new milestone.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News