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Apple buoys Nasdaq; Ukraine weighs on broader market

Started by riky, April 25, 2014, 09:00:17 AM

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riky

Apple buoys Nasdaq; Ukraine weighs on broader market

<p><a href="http://news.yahoo.com/futures-gain-tech-results-apple-soars-premarket-114016109--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/ZJhJPOQHXGdM8hF54gr22g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-24T161743Z_1_CBREA3N199L00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Chuck Mikolajczak NEW YORK (Reuters) - 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. The three major U.S. stock indexes had opened sharply higher, with the Nasdaq initially climbing more than 1 percent before turning negative in the first half-hour of trading.</p><br clear="all"/>

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