New York Report: Apple at core of S&P record

US stocks yesterday ended mostly higher, with the S&P 500 closing at a record on Apple’s bullish results. However, Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market’s gains in check.

The Dow Jones industrial average fell 26.91 points or 0.16 per cent, to end at 17,086.63. The S&P 500 gained 3.48 points or 0.18 per cent, to close at 1,987.01, surpassing the record set on 3 July. The Nasdaq Composite added 17.68 points or 0.4 per cent, to 4,473.70.

Apple gave one of the biggest lifts to the market, rising 2.6 per cent to $97.19 as concerns faded about the iPhone maker’s margins.

Boeing, which fell 2.3 per cent to $126.71, despite the US aircraft maker reporting a 52 per cent jump in quarterly profit.

Facebook shares jumped 4.7 per cent after hours, surpassing its record high, after upbeat results.