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Friday
Nov032017

US stocks hit new records as Apple rallies

iStock/Thinkstock(NEW YORK) -- Wall Street closed with new records on Friday as Apple and Qualcomm helped lift the Nasdaq Composite.

The Dow Jones Industrial Average gained 22.93 (+0.10 percent) to finish at 23,539.19.

The Nasdaq climbed 49.49 (+0.74 percent) to close at 6,764.44, while the S&P 500 finished at 2,587.84, up 7.99 (+0.31 percent) from its open.

Crude oil prices were about 2 percent higher and under $56 per barrel.

Jobs Report: The U.S. economy added 261,000 jobs in October, according to the Bureau of Labor, less than the predicted 310,000 jobs.  The unemployment rate slid 0.1 percent to 4.1 percent last month with job gains in food services, professional and business services, manufacturing, and health care.

Winners and Losers:  Shares of Apple soared 2.61 percent on strong iPhone X sales and a quarterly report that beat investors' expectations.

After publishing weak guidance for the fourth-quarter and worse-than-expected revenue in the third-quarter, Pandora's stock 24.46 percent.

Reports of a possible Broadcom takeover had Qualcomm's shares 12.71 percent higher.

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