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S&P ends at record high led by banks while Apple drags
The S&P 500 hit a record closing high for the second day in a row on Tuesday, with financial stocks leading the charge, but gains were stunted by a decline in Apple Inc (AAPL.O) shares after it unveiled its latest iPhone. Nasdaq also clocked a record closing high despite weakness from Apple. Investors were more comfortable with riskier assets as concerns about U.S. tensions with North Korea eased and the financial impact from Hurricane Irma appeared less severe than feared last week. The financial sector .SPSY was the S&P 500’s biggest driver as bank stocks were helped by rising U.S. Treasury yields, while the ... (full story)