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Nasdaq closes higher as Apple jumps ahead of earnings, European markets closed
The Nasdaq composite rose on Tuesday, led by gains in Apple ahead of the tech giant's quarterly earnings release. The tech-heavy index closed 0.9 percent higher at 7,130.70 while Apple climbed 2.3 percent. The S&P 500 also rose 0.25 percent to 2,654.80, erasing earlier losses, as Apple's gains pushed the technology sector 1.5 percent higher. Dow was down 0.27%
Apple reported quarterly earnings and revenue on Tuesday that beat expectations, but sold fewer iPhones than expected. Shares rose as much 5 percent after hours, as investors digested the company's better-than-expected outlook for the current quarter, and a hefty capital return program.
European equities closed mixed on Tuesday as most bourses were closed for the Labor Day public holiday. The U.K.'s FTSE 100 closed provisionally 0.15 percent higher, with other prominent benchmarks — from the likes of Germany, France and Spain — all shut for the day.
BP shares rose 1.8 percent. The company said that profits surged 71 percent amid the rally in oil prices.
Source: CNBC, Ilirika