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US STOCKS-Apple, biotech stocks lift Wall Street
Published in Saudi Press Agency on 10 - 09 - 2015

AlQa'dah 26, 1436, Sep 10, 2015, SPA -- Wall Street was higher in early afternoon trading on Thursday as Apple and biotech shares lifted the market ahead of the crucial Federal Reserve meeting next week, Reuters reported.
U.S. stocks have been volatile for the past few weeks since China devalued its currency in August and the impact of a slowdown in the region on global growth rattled investors. The S&P 500 has seen moves of about 1 percent in the past few weeks.
Apple's 2.1 percent rise gave the biggest boost to the three major indexes a day after the iPhone maker unveiled new offerings.
Gilead's 4 percent was the second-biggest boost on the S&P and the Nasdaq. The Nasdaq biotechnology index was up about 2 percent.
At 12:50 ET (1650 GMT) the Dow Jones industrial average was up 93.24 points, or 0.57 percent, at 16,346.81, the S&P 500 was up 12.42 points, or 0.64 percent, at 1,954.46 and the Nasdaq Composite was up 43.71 points, or 0.92 percent, at 4,800.24.
Nine of the 10 major S&P sectors were higher with the health index's 0.95 percent rise leading the advancers.
Krispy Kreme Doughnuts fell 11.8 percent to $15.64, a day after the doughnut chain cut its 2016 profit forecast.
Advancing issues outnumbered decliners on the NYSE by 1,868 to 1,088. On the Nasdaq, 1,712 issues rose and 989 fell.
The S&P 500 index showed 1 new 52-week high and 6 new lows, while the Nasdaq recorded 18 new highs and 40 new lows.
-- SPA
20:46 LOCAL TIME 17:46 GMT
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