Apple surges on iPhone sales as stock indexes wobble

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Investors reacted quietly on today to a strong hiring survey and the Federal Reserve&&num;8217&semi;s decision to leave interest rates unchanged&period;<&sol;p>&NewLine;<p>US stocks finished little changed&comma; but Apple soared after it said iPhone sales improved in its latest quarter&period;<&sol;p>&NewLine;<p>Stocks jumped in morning trading after payroll provider ADP said hiring by private employers grew stronger in January&period;<&sol;p>&NewLine;<p>Bond prices climbed but the market&&num;8217&semi;s gains thinned&comma; partly because investors sold shares of companies that pay big dividends as bond yields rose&period;<&sol;p>&NewLine;<p>Stocks briefly turned higher after the Fed&&num;8217&semi;s announcement&comma; but that also faded&period; The only constant was the big gain for Apple&comma; which pushed technology companies higher&period;<&sol;p>&NewLine;<p>The Federal Reserve left its key interest rate unchanged&comma; just as investors expected&period;<br &sol;>&NewLine;The central bank noted that the job market is getting stronger and inflation is gradually rising&comma; but said it wants more time to monitor the economy&period;<&sol;p>&NewLine;<p>The Dow Jones industrial average rose 26&period;85 points&comma; or 0&period;1&percnt;&comma; to 19&comma;890&period;94&period; The Standard &&num;038&semi; Poor&&num;8217&semi;s 500 inched up 0&period;68 points to 2&comma;279&period;55&period; The Nasdaq composite&comma; which has a high concentration of technology companies&comma; gained 27&period;86 points&comma; or 0&period;5&percnt;&comma; to 5&comma;642&period;65&period; The Russell 2000 index of smaller company stocks dipped 0&period;60 points to 1&comma;361&period;23&period;<&sol;p>&NewLine;<p>Most stocks listed on the New York Stock Exchange fell&period;<&sol;p>&NewLine;<p>Apple made its biggest one-day jump six months after its first-quarter profit and sales were better than analysts expected&period;<&sol;p>&NewLine;<p>The company said consumers snapped up its new iPhone 7 and 7 Plus&comma; and that ended the first slump in iPhone sales&period;<&sol;p>&NewLine;<p>Apple stock rose 7&period;44 dollars&comma; or 6&period;1&percnt;&comma; to 128&period;79 dollars&period;<&sol;p>&NewLine;<p>Apple was singlehandedly responsible for the Dow gain and it helped take technology stocks higher&period;<&sol;p>&NewLine;<p>Chipmaker Advanced Micro Devices reported a profit when analysts expected a loss&comma; and its sales were greater than expected&period; Its stock climbed 1&period;69 dollars&comma; or 16&period;3&percnt;&comma; to 12&period;06 dollars&period;<&sol;p>&NewLine;<p>The ADP jobs survey was better than expected&comma; and the construction&comma; manufacturing&comma; health care and shipping industries all added jobs at a solid pace&period; The US government will release its own monthly jobs report on Friday&period;<&sol;p>&NewLine;<p>Investors reacted to the hiring report by selling bonds&comma; which are relatively safe investments that are in greater demand when the economy seems weaker&period;<&sol;p>&NewLine;<p>The yield on the 10-year Treasury note rose to 2&period;48&percnt; from 2&period;44&percnt;&period;<&sol;p>&NewLine;<p>Stocks that pay large dividends traded lower as bond yields rose&period; Dominion Resources dropped 4&period;43 dollars&comma; or 5&period;8&percnt;&comma; to 71&period;85 dollars&period; Dominion also released a weak quarterly report&period;<&sol;p>&NewLine;<p>The S&&num;038&semi;P 500&&num;8217&semi;s energy company index fell for the fifth day in a row&period; It is down almost 3&period;5&percnt; over that time and has sunk 7&percnt; since December 13&period;<&sol;p>&NewLine;<p>Lightweight aluminium products maker Arconic surged after its largest shareholder said the company needs new leadership&period;<&sol;p>&NewLine;<p>Elliott Management nominated five potential directors to Arconic&&num;8217&semi;s board&period; The company said it stands by chief executive Klaus Kleinfeld and that Elliott&&num;8217&semi;s moves are not in the best interest of all shareholders&period;<&sol;p>&NewLine;<p>Since Arconic split from Alcoa on November 1&comma; Arconic stock was almost flat and Alcoa has jumped almost 70&percnt;&period; Arconic gained 2&period;55 dollars&comma; or 11&period;2&percnt;&comma; to 25&period;28 dollars&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecef0cb537d">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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