Stocks rallied for a second straight day as the conflict in
Syria seems to have reached a peaceful resolution and upbeat
economic data from China suggests the Asian giant may have averted
a hard economic landing. A new composition for the Dow Industrials
and the launch of a cheaper and more colorful iPhone also commanded
attention today, all contributing to another triple-digit gain in
the Dow to a 3-1/2 week high.
With geo-political tensions easing, commodity prices have
retreated as both precious metals and oil close in the red. The
S&P index traded above the 50 day moving average at 747.34 and
the Nasdaq raced to a 13 year high, buoyed by early gains in Apple
) and ARM Holdings (
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