U.S. stocks rose on Friday, boosted by Apple shares, while oil prices fell as a new month of trading got underway.
The broad market index gained 0.4%, while the Dow Jones Industrial Average advanced 184 points, or 0.4%. The Nasdaq Composite added 0.3%.
Shares of Apple climbed more than 3% after the consumer tech giant posted a fiscal second-quarter earnings and revenue beat. Not only that, the company’s revenue outlook for the current quarter was better than expected, overshadowing the fact that iPhone revenue fell short of estimates for the second time in three quarters.
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