Expectations around the launch of the new iPhone drive US tech stocks higher, with Apple soaring more than 6.4 percent
Anticipation over the launch of the new iPhone has driven US tech stocks higher, capping a mostly buoyant day in global markets.
Expectations around the new iPhone line-up sent Apple soaring more than 6.4 percent, and the tech-rich Nasdaq Composite Index finished the day up 2.6 percent overall. The latest maneuverings by the White House on fiscal stimulus suggest significant difficulty in reaching an agreement before the election, but investors are becoming more confident of a larger deal down the road.
Hopes for a fresh injection of cash into the world's top economy have overshadowed a surge in virus infections that has forced some governments to reimpose containment measures and targeted lockdowns.
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