Wall Street edges higher with Apple, though economic data mixed

NEW YORK: U.S. stocks were higher in late afternoon trading on Monday, helped by gains in shares of Apple Inc, though mixed economic cues in the face of a prolonged U.S.-China trade war limited the advance.

Meanwhile, U.S. employment in the services sector shrank for the first time in nine-and-a-half years in September, IHS Markit's Purchasing Manager's Index showed on Monday. At 50.9, the services sector PMI was below expectations of 51.3.Earlier in the day, a survey showed a manufacturing recession deepening in Germany, Europe's biggest economy.Investors have been cautious about progress in Sino-U.S. trade talks after a Chinese agriculture delegation canceled a visit to Montana.

The Dow Jones Industrial Average rose 66.39 points, or 0.25per cent, to 27,001.46, the S&P 500 gained 5.84 points, or 0.20per cent, to 2,997.91 and the Nasdaq Composite added 15.83 points, or 0.19per cent, to 8,133.50. Boeing edged lower after a Reuters report that European antitrust regulators were set to investigate the planemaker's US$4.75 billion bid for the commercial aircraft arm of Brazil-based Embraer SA .

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-Wall Street banker Sean Stewart guilty in second insider trading trialFormer Wall Street investment banker Sean Stewart was found guilty on Monday of insider trading a second time for passing tips about healthcare ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Commentary: Wall Street is ignoring the omens of recessionAn economist unravels the seeming contradiction between stocks near record highs and growing fears of a recession.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Indonesia finds design flaw, oversight lapses in 737 MAX crash: Wall Street JournalJAKARTA — Indonesian investigators have found that design and oversight lapses played a key role in the October crash of Boeing Co's 737 MAX jet that killed all 189 aboard, the Wall Street Journal said on Sunday (Sept 22).
Source: TODAYonline - 🏆 1. / 99 Read more »

Wall Street opens lower as US-China trade optimism fadesU.S. stock index futures treaded water on Monday, as investors remained cautious about progress in U.S.-China trade talks and waited for a slew of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Wall Street opens lower as US-China trade optimism fades[NEW YORK] US stocks opened lower on Monday as investors fretted over progress in Sino-US trade talks and waited for a slew of reports to gauge the health of the domestic economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Futures muted after Wall Street's worst day in about two weeksU.S. stock index futures treaded water on Monday, as investors remained cautious about progress in U.S.-China trade talks and waited for a slew of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »