Apple buoys Nasdaq; Ukraine weighs on broader market


NEW YORK: The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check.

Shares of Apple Inc, the most valuable U.S. company by market capitalization, jumped 8.2 percent to $567.77, the biggest gain since August, a day after the company posted revenue that far outpaced expectations. Apple also approved another $30 billion stock-buyback plan, raised its dividend and authorized a seven-for-one stock split.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Nasdaq , DJIA , Wall Street , Apple shares , iPad maker

   

Next In Business News

Public Bank mobilises over RM53bil in sustainable finance
Stinky tofu tycoon a Changsha success story
Indonesia sees more capital inflows after April rate hike, c.bank governor says
Bank Negara international reserves fall to US$112.8bil
Oil dips on rising US stockpiles, cautious supply expectations
Alstom to ask shareholders for US$1bil in rights issue to slash debt
Shell to sell Singapore refinery, petrochemical assets to Chandra Asri and Glencore
Malaysia mulls giving full tax exemption on emergency PRS withdrawals
CIMB Research expects OPR to stay at 3.0%
Malaysia to attract more foreign inflows as rich baby boomers pass on wealth worth US$1.9T - SC

Others Also Read