Dow Climbs Higher, Surpassing Five-Year High
(NEW YORK) — Stocks rose slightly on Wednesday as Apple introduced its newest iPhone to the public and investors await the results of Thursday’s Federal Reserve meeting.
The Dow closed up 10 points at 13,333,35, while the Nasdaq and S&P indexes advanced 10 points and three points, respectively.
Apple shares closed up 1.4 percent, getting a late-session lift from the company’s unveiling of its new products, including the new iPhone 5.
The central bank’s past few meetings showed it was ready to take steps to help the economy, but didn’t go so far as enacting them. Hopes that this could change with Thursday’s announcement pushed the Dow to its highest level since 2007.
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