US stocks rally; Apple hits all-time high

Wednesday, 11 February 2015 - 14:12

Wall Street stocks rallied yesterday, with tech giant Apple hitting an all-time high and investors applauding encouraging earnings from Coca-Cola.

The Dow Jones Industrial Average advanced 139.55 points to 17,868.76. The broad-based S&P 500 gained 21.85 points at 2,068.59, while the tech-rich Nasdaq Composite Index surged 61.63 points to 4,787.64.

Apple, the largest US Company by market capitalisation, leaped to a record high close on the US tech giant's gains in the smart-phone market, expansion of its mobile payments and its soon-to-arrive smart-watch.