“The S&P 500 was little changed on Tuesday as the Federal Reserve presidents began the first of a two-day meeting while a hedge fund’s investment in Apple lifted the Nasdaq,” Andrea Tse reports for TheStreet.
“The S&P 500 rose 0.04% to 1,685.96 while the Dow Jones Industrial Average slipped 0.01% to 15,520.59. The Nasdaq added 0.48% to 3,616.47,” Tse reports. “Apple tacked on 1.2% to close at $453.32 as David Einhorn of Greenlight Capital Management revealed that his hedge fund continues to hold an over $1 billion stake in Apple as it braces for the prospect of a global market correction.”
Tse reports, “Meanwhile, Apple CEO Tim Cook was spotted in China recently, his third such trip to the Far East, as he attempts to restart sluggish revenue in what many believe will be the iPad maker’s most important market.”
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