Stocks edged higher in a shortened trading day Monday as momentum slowed on Wall Street after its powerful rally through the first half of the year. The Standard & Poor’s 500 index rose 5.21 points, or 0.1%, to 4,455.59 and reached its highest level since April 2022. On the losing end of Wall Street was Apple, which slipped 0.8% after becoming the first U.S. stock Friday to finish a trading day with a total value of more than $3 trillion. Much of Wall Street expects it to raise rates July 26. Japan’s Nikkei 225 rose 1.7% to add to its huge run in the first half of this year.

Source: Los Angeles Times July 04, 2023 00:10 UTC