NEW YORK: A rise in Apple’s stock helped boost the Nasdaq and the Dow, while the S&P 500 was little changed in late morning trading on Monday. The S&P 500 index showed six new 52-week highs and no new lows, while the Nasdaq recorded 33 new highs and nine new lows. The probability for a June rate hike rose to 30% on Friday from about 4% at the start of the week, according to CME Group’s FedWatch site. The Fed surprised investors when the central bank’s minutes released last week opened the door to a rate hike in June, roiling financial markets. San Francisco Fed president John Williams and his St Louis counterpart, James Bullard, took hawkish tones in separate appearances on Monday, hinting at more than one rate hike this year.

Source: thestar May 23, 2016 10:12 UTC