While you were sleeping: Apple paces advance

Thu, 15 Sep 2016

By Margreet Dietz Sept. 16 (BusinessDesk) - Wall Street rose, bolstered by Apple shares, even as the latest US reports showed weaker-than-expected retail sales and manufacturing output, which further reduced bets the Federal Reserve will hike interest rates next week. A Commerce Department report showed retail sales fell more than expected last month, sliding 0.3 percent after rising 0.1 percent in July. Separately, a Fed report showed factory production slid 0.4 percent in August, while the New York Fed said its Empire State manufacturin...

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