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Apple gains on product launches as US stocks end flat

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NEW YORK (AFP) - Wall Street stocks finished a choppy session little changed on Tuesday (Sept 10), with Apple advancing as it unveiled new products and outlined a launch date for its streaming service.. Read more at straitstimes.com.

NEW YORK - Wall Street stocks finished a choppy session little changed on Tuesday , with Apple advancing as it unveiled new products and outlined a launch date for its streaming service.

Apple gained 1.2 per cent as it unveiled new iPhones, including a lower-priced offering of US$699 , part of a bid to spur new upgrades in a slumping global smartphone market. With the new devices and services,"I think there are more reasons to stay with Apple than to defect from Apple," added Patrick Moorhead, analyst at Moor Insights & Strategy.

Leading banks rose for a second straight day after JPMorgan Chase chief executive Jamie Dimon said the US consumer economy remains solid, even as business investment has slowed.

 

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