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Apple buoys Nasdaq; Ukraine weighs on broader market

By Chuck Mikolajczak NEW YORK (Reuters) – The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker’s strong results, though tensions in Ukraine held the broader market in check. Shares of Apple Inc , the most valuable U.S. company by market capitalization, jumped 8.2 percent to $567.77, the biggest gain since August, a day after the company posted revenue that far outpaced expectations. Apple also approved another $30 billion stock-buyback plan, raised its dividend and authorized a seven-for-one stock split. The three major U.S. stock indexes had opened sharply higher, with the Nasdaq initially climbing more than 1 percent before turning negative in the first half-hour of trading.

Quoted from Apple buoys Nasdaq; Ukraine weighs on broader market on Gadgets News Headlines – Yahoo! News

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