Markets Push Higher With S&P 500 Eyeing Record as Irma Downgraded

Markets Push Higher With S&P 500 Eyeing Record as Irma Downgraded

Markets Push Higher With S&P 500 Eyeing Record as Irma Downgraded

All three major U.S. stock indexes hit record closing highs on Tuesday, with financial stocks leading the charge, but gains were capped by unsteady trade in technology after Apple unveiled its latest line of iPhones. Major indexes have been in an uptrend this week, with both the S&P and the Nasdaq coming off two-day rallies, while the Dow has risen for three straight sessions.

At 1115 BST, Dow Jones Industrial Average and Nasdaq futures were up 0.2%, while S&P 500 futures were 0.1% higher.

Wall Street was in record territory on Tuesday, with the S&P 500 closing at another all-time high as gains in financials and telecom stocks helped outweigh declines in real estate and utilities.

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Apple's shares had a volatile afternoon and were last down 0.3 percent at $160.95, below a session high of $163.96, as investors reacted to its unveiling of the 10th anniversary edition of the iPhone. Pfizer (PFE) gained the most on the Dow, while Goldman Sachs (GS) and Caterpillar (CAT) also rose in another day of widely spread gains. Apple's release date of November 3 was later than some investors had expected. Across the Korean Strait, South Korea's benchmark Kospi index erased earlier losses to climb 0.08%. The Shanghai composite was down 0.09 percent and Australia's ASX 200 was down 0.2 percent.

Japan's Nikkei 225 rose 0.39% on the softer yen. Greater China markets bucked the trend to trade mostly lower.

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