S&P rises for seventh day but 1,500 too steep a climb
NEW YORK (Reuters) – The smallest of gains gave the Standard & Poor’s 500 its seventh straight winning day on Thursday, but the index failed to hold above the 1,500 line, restrained by Apple’s worst day in more than four years. Apple Inc slid 12. 4 percent to $450. 50 a day after it posted revenue that missed Wall Street’s forecast as iPhone sales were poorer than expected. The sharp drop wiped out nearly $60 billion in Apple’s market capitalization to less than $423 billion, leaving the company vulnerable to losing its status as the most valuable U. S. . . .
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