Apple’s Gain Lifts Nasdaq While Most Stocks Fall: Markets Wrap
- Dow Jones Industrial Average leads losses after its revamp
- Silver climbs; Japanese equities gain after Buffett investment
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Most stocks fell after China threw a wrench into U.S. companies’ efforts to buy TikTok, while a jump in Apple Inc. powered the Nasdaq 100 to a record high.
The Dow Jones Industrial Average led losses after its components were revamped, with Microsoft Corp. and Walmart Inc. slumping on concern China could block a possible sale of the video app. Apple Inc.’s surge as the stock split 4-for-1 lifted the Nasdaq 100 past 12,000 for the first time. Two stocks fell for every one that rose on the S&P 500, but the index notched a fifth consecutive monthly advance.