S&P 500 Hits Records With Small Gains, Apple Loss Caps Dow's Gains




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Summary: Markets held close to the flatline mid-week with investors given little reason to buy in until the September jobs report out on Friday. Even so, the Dow Jones Industrial Average and S&P 500 did hit new intraday records with just small gains. Services activity rose at a faster pace than anticipated in September, according to the latest ISM non-manufacturing index. The measure reached its highest level since August 2005. Crude oil inventories saw a far steeper decline in the past week as operational refineries continued to work through the buildup caused by Hurricane Harvey. The drop was more than six times what analysts expected. Apple Inc. kept a cap on the Dow's gains. The world's largest company was under pressure on reports of issues with the rollout of its latest devices. Reports suggest several instances of the new iPhone 8 Plus bursting open, likely the result of a swelling battery. Watch More with TheStreet: A History of the Ford F-Series in 90 Seconds A Strong September Could Be Setting Up an October Pullback Ex-NY Yankees Trainer -- The Yankees Will Be 'Hard to Beat' President of Mars Wrigley Confectionery Talks Women and Engineering