S&P shrugs off Apple, S&P rises to hit 1,500
January 25, 2013 2:28 AM EST
Stocks advanced on Thursday, as the S&P shrugged off a 10 percent decline in Apple to climb above 1,500 for the first time since December 12, 2007, on positive economic news.
The Dow Jones industrial average <.DJI> gained 77.37 points, or 0.56 percent, to 13,856.70. The Standard & Poor's 500 Index <.SPX> rose 5.61 points, or 0.38 percent, to 1,500.42. The Nasdaq Composite Index <.IXIC> dropped 7.79 points, or 0.25 percent, to 3,145.88.
(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)