US STOCKS rallied yesterday, with the S&P 500 notching a fourth straight session of gains boosted by strong corporate results, including Apple’s.
The Dow Jones industrial Average closed up 1.31 per cent at 16,614.81, while the S&P 500 closed up 1.96 per cent at 1,941.28. The Nasdaq Composite closed up 2.4 per cent at 4,419.48.
Apple rose 2.7 per cent to $102.47, a day after revenue topped expectations, helped by strong iPhone sales. It also gave a strong outlook for the holiday quarter.
The largest percentage gainer and decliner on the S&P 500 were both related to earnings.
The top gainer was laboratory instrument maker Waters, which rose 9.9 per cent to $107.17, while the largest decliner was Chipotle Mexican Grill, down seven per cent to $607.55.