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Apple stocks rises, reversing three days of declines

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The Nasdaq and the S&P 500 were both helped by a jump in Apple’s stock, which had declined for three consecutive days. Apple gained 2.4 percent, despite an analyst’s report reducing estimates for shipments of iPhones later this year. Apple recently debuted the iPhone 5. The company is the largest component stock on the S&P 500 index; the stock recently hit a record high of over $705.

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