U.S. stocks are rising at the opening bell, Wednesday, Aug. 1, 2018, as Apple surges following a strong quarterly report. But other stocks are falling, with industrial and energy companies taking the worst losses. The jump in Apple stock was worth 68 Dow points, but drops in industrial and energy companies pulled the index lower. APPLE EARNINGS: Apple said the average selling price for the iPhone jumped 20 percent in its latest quarter and its third-quarter profit and sales both surpassed analyst projections. OVERSEAS: Britain’s FTSE 100 dropped 1.2 percent and Germany’s DAX fell 0.5 percent.

Source: Washington Post August 01, 2018 04:54 UTC