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NEW YORK (Reuters) - Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc (AAPL.O) extended its post-earnings rally, gaining 2.9 percent and pushing its market value across the trillion-dollar threshold. “It’s a good sign for the market and the economy,” said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh. “Because even though today we’re talking about the impact of trade or currency war, an issue with China, Apple, who makes most of their products in China, is hitting this.” The smartphone maker led the S&P technology index .SPLRCT 1.4 percent higher, the biggest percentage gainer among the 11 major sectors of the S&P 500. Among the other members of the so-called FAANG group of momentum stocks, Facebook Inc (FB.O) rose 2.7percent, Alphabet Inc (GOOGL.O) edged up … [Read more...] about S&P 500, Nasdaq rise as Apple hits $1 trillion mark

Stephen Whyno Associated Press Published 5:08 p.m. UTC Jun 23, 2018 Dallas — Rasmus Dahlin went first overall to the Buffalo Sabres, Commissioner Gary Bettman was booed relentlessly by the crowd all night and trade chatter didn’t amount to a whole lot of movement. With the exception of one trade by the Stanley Cup champion Washington Capitals, the first round of the NHL draft went off without many surprises. Only two players and a handful of picks were traded Friday night, leaving general managers hoping for more on Day Two. “That was kind of a boring first day or first round,” Philadelphia Flyers GM Ron Hextall said. “It’s not typical for this day.” The Sabres picking Dahlin at No. 1 and the Carolina Hurricanes taking Russian winger Andrei Svechnikov at No. 2 got the draft itself off to a predictable start. Montreal taking Finnish center Jesperi Kotkaniemi third and Arizona going a bit off the board with center Barrett Hayton fifth … [Read more...] about ‘Boring day’: Trade action slow on first night of NHL Draft

There were some expected performances and some surprises — as well as some disappointing showings — in the first full day of practice Tuesday for the May 27th Indianapolis 500. There were three sessions Tuesday: a two-hour late morning/early afternoon practice that saw 25 of the 35 drivers entered into the 500 on-track. Then there was a four-car, two-hour session for rookie Zachary Claman Demelo, as well as three other drivers that needed refresher sessions to make sure they could get up to speed. And then came the third and final session of the day, a three-hour practice that saw 34 of the 35 drivers entered take to the track. Only Matheus Leist did not take to the track in that session. Here’s What Drivers Said after Day One was in the books: JOSEF NEWGARDEN (No. 1 Verizon Team Penske Chevrolet): “It is fun to be back out here. It was a busy day. Had a couple of weather issues, but we got a lot of laps. I think it was a good start for us in the Verizon … [Read more...] about Here’s ‘What Drivers Said’ after Tuesday’s first full day of Indy 500 practice