While you were sleeping Apple soars, bucks trend

Mon, 17 Sep 2012

By Margreet Dietz Sept 18 (BusinessDesk) - Last week's rally proved a little too hard to sustain at the start of the week as investors reassessed equity valuations near five-year highs. Still, shares of Apple were deemed to contain plenty of value as iPhone 5 sales already set records. US economic data were disappointing, providing little incentive to commit fresh funds on Wall Street. Factory activity in New York state shrank for a second straight month in September, according to a report from the Federal Reserve Bank of New York. A separat...

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