Tuesday, Jun 28, 2016
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Stock Market

Promising economic news from Asia extends rally

Apple up ahead of iPhone news

NEW YORK — Stocks are rising on Wall Street following encouraging economic news from China and Japan.

Apple rose a day before the company was expected to announce its latest version of the iPhone.

The Dow Jones industrial average was up 98 points, or 0.7 percent, to 15,022 as of noon today.

The Standard & Poor’s 500 index rose 10 points, or 0.6 percent, to 1,665. The Nasdaq composite rose 30 points, or 0.8 percent, to 3,690.

China reported that inflation eased in August, hinting at an economy on the mend. Japan reported that its economy expanded more rapidly than originally estimated between April and June.

Delta Air Lines rose $1.49, or 8 percent, to $21.38 after the company was added to the S&P 500 index.

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