Nasdaq notches another all-time closing high
Stocks ended mixed but the Nasdaq notched another record closing high after Wednesday's big Apple event, in which the gadget maker unveiled the latest version of its popular iPhone.
The Nasdaq ended the day at 5283.93, up 0.2% or 8 points from its previous closing high set Tuesday.
Slightly down were the Dow Jones industrial average and the broad Standard & Poor's 500, which both lost less than 0.1%.
Wall Street was closely watching Apple's midday presentation to see whether the new iPhone 7 and other product announcements were enough to re-energize investors' interest in the company's outlook and stock. Apple (AAPL) shares gained 0.6%.
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Wall Street got a lift Friday from a weak August jobs report, which lowered the odds of an interest hike in two weeks from the Federal Reserve, is still hesitant to jump into a stock market that is overvalued.
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Investors also are digesting a spate of weak economic data in recent days. In addition to the economy generating less jobs than forecast in August, the most recent August reading on the services and manufacturing segments of the economy also came in below expectations, creating fresh angst about the strength of the U.S. recovery.
The soft economic data has pushed some investors back into the U.S. government bond market. The yield on the 10-year Treasury note, which last week topped 1.6%, was down to 1.54%.
Investor sentiment got a boost from a rise in U.S.-produced crude, which was trading 0.1% higher, around $45 per barrel.
Stocks overseas were mixed. The broad Stoxx Europe 600 was up 0.3%, but shares finished lower in Tokyo, Hong Kong and Shanghai.