After Friday’s selloff, the S&P 500 is trading near 17 times expected earnings, above its 10-year average of 14, according to Thomson Reuters Datastream. At 2:11 pm (1811 GMT), the Dow Jones industrial average was up 1.07% at 18,279.15 points and the S&P 500 had gained 1.22% to 2,153.72. After Friday’s selloff, the S&P 500 is trading near 17 times expected earnings, above its 10-year average of 14, according to Thomson Reuters Datastream. Following two days of losses, Apple rose 1.76%, giving the S&P 500 its largest boost. The S&P 500 posted one new 52-week high and four new lows; the Nasdaq Composite recorded 18 new highs and 42 new lows.

Source: Mint September 12, 2016 18:45 UTC