Stocks End Mixed as Apple Boosts Tech; Bonds Fall: Markets Wrap
- Greenback extends rally as currencies across Europe crumble
- Tech shares resist downward trend; 10-year yields push higher
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U.S. stocks closed mixed, with Apple Inc. leading a late afternoon rally in tech shares that helped offset a drop in industrials sparked by weak production data. The dollar registered its biggest advance in more than a week and Treasuries fell.
“You might be having a little bit of buy on the dip activity,” said Matt Schreiber, president and chief investment strategist at WBI Investments. “If you’re actually following the fundamentals, you’d be putting money to work in the sectors where companies are printing good earnings and revenue.”