S&P 500 Rises to Four-Year High as Apple Plans Dividend
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The Standard & Poor’s 500 Index advanced to the highest level since May 2008 as Apple Inc. plans to pay a dividend and buy back $10 billion of its stock.
Apple climbed 2.7 percent to a record $601.10. Citigroup Inc. advanced 1.3 percent after selling its 2.71 percent stake in Shanghai Pudong Development Bank. U.S. Steel Corp. rallied