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Stocks higher as Apple rises again

Thursday, September 15, 2016 - 01:08

Wall Street rallied 1 percent buoyed by Apple's best four-day run since 2014, along with falling expectations for a Fed rate hike next week. Bobbi Rebell reports.

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Stocks on the rise in Thursday's session. Apple was once again a big driver after saying that the first stock of its iPhone 7 Plus had sold out globally. Suppliers rose as well led by chipmaker Skyworks Solutions, which was the top percentage gainer in the S&P. Also helping to boost U.S. markets: higher oil prices and moderate economic data that added to expectations of no change in rates. Miracle Mile Advisors Duncan Rolph: SOUNDBITE: DUNCAN ROLPH, MANAGING PARTNER, MIRACLE MILE ADVISORS (ENGLISH) SAYING: "Now these predictions have not neccesarily always been correct but if you look at the economic data right now it's hard to make a real case that the economy is continuing on the trajectory that everyone thought earlier this year." Dollar General boosting its headcount by nearly 9 percent. The discount retailer plans to hire 10,000 employees next month to support its expansion and head off fierce competition. Two weeks ago, its bigger rival Wal-Mart said it would cut 7,000 back-office jobs to focus more of its resources on the sales floor. In Europe, the major indexes snapped their losing streak.

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Stocks higher as Apple rises again

Thursday, September 15, 2016 - 01:08