Economic news

Wall Street hits records with Apple

U.S. stocks changed course to slightly improve the trade level in late morning trading on Monday, helped by rising shares of high-tech companies, including Apple.

Apple (AAPL.O) rose nearly 1%, reaching a new record-high of $141.34, lifting the Nasdaq once again to an intraday high.

The iPhone could rise another 10% in six months, according to American newspaper Barron's published on Saturday.

The Dow Jones Industrial Average .DJI rose 36.91 points, or 0.18%, at 20,951.53.

The S&P 500 .SPX rose 0.93 points, or 0.03%, at 2,379.18.

The Nasdaq .IXIC rose 12.01 points, or 0.2%, at 5,913.01.

Last week, the Central Bank raised interest rates for the first time this year, predicting just two more rate hikes for the year, instead of  three expected by the market.

Movado (MOV.N) fell 5.70% to $22.25 after quarterly results failed expectations.

Walt Disney (DIS.N) rose 1.1% to $112.96 following the recent release of "Beauty and the Beast" headed a sales rating.



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