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Market Wrap of the US session
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Loading...The Dow Jones industrial average notched another milestone on Wednesday, breaking above 22,000 for the first time.
The 30-stock index climbed about 43 points at the open, receiving a boost from Apple's stock, which surged nearly 6 percent in the premarket after posting quarterly results that blew expectations out of the water.
The company reported earnings per share of $1.67 on revenue of $45.4 billion. Analysts polled by Reuters expected earnings per share of $1.57 on revenue of $44.89 billion.
The S&P 500 Index slumped as energy shares retreated
Wall Street also set its sights on key economic data. Private U.S. companies added 178,000 jobs last month, according to a report from ADP and Moody's Analytics. But economist polled by Reuters expected an increase of 185,000 jobs.
Investors have been keeping a close eye on U.S. economic data as they look for clues on when the Federal Reserve will further tighten monetary policy.
Junior Trader Stefan Panteleev
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