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Economic data and Apple push Nasdaq higher

The Nasdaq Composite rises as technology share benefits from strong economic data and Apple Inc climbs on expectations for strong sales momentum for its iPhone.

business Updated: Jul 06, 2007 02:18 IST

The Nasdaq Composite rose on Thursday as technology shares benefited from strong economic data and Apple Inc climbed on expectations for strong sales momentum for its iPhone.

The Dow Jones industrial average was down 11.06 points, or 0.08 per cent, at 13,566.24. The Standard & Poor's 500 Index was up 0.56 points, or 0.04 per cent, at 1,525.43.

The Nasdaq Composite Index was up 11.70 points, or 0.44 per cent, at 2,656.65.