Wall Street higher on Apple-led rally in technology shares

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Wall Street higher on Apple-led rally in technology shares
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Wall Street opens higher on Apple boost

In a bright spot, Newell Brands jumped 3.5% after SunTrust Robinson Humphrey upgraded the household goods maker to “buy” and said it expected the company’s turnaround process to continue well in 2018.

Drugmaker Mallinckrodt rose 1.8% after finalizing a settlement with Cuyahoga and Summit counties in Ohio in connection with opioid-related lawsuits. Advancing issues outnumbered decliners by a 1.52-to-1 ratio on the NYSE and a 1.55-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and no new lows, while the Nasdaq recorded 12 new highs and 52 new lows.

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