Broad gains pushed stocks to end at session highs. The S&P 500 closed with its fifth straight day in the green, while the Nasdaq managed to close at a new record.
Apple Inc. (AAPL) has scheduled a September 12 launch event in what is expected to include the unveiling of the highly anticipated iPhone 8. The new model is expected to feature a full-phone screen that does away with the home button.
Dollar General Corp. (DG) reported better-than-expected sales over its second quarter. Same-store sales rose by 2.6%, 100 basis points above forecasts. Higher sales growth was tied to an increase in average transaction amounts.
Walt Disney Co. (DIS) could cut around 300 jobs at its ABC Television Group. The job cuts, likely to come by the end of September, are part of an effort to cut expenses by 10%.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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