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Stocks break two-day losing streak as Apple gains

FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. Worries over the timing of a U.S. rate hike, economic weakness in China and an impending referendum on Scottish independence kept a lid on global stock markets Wednesday, Sept. 10, 2014. (AP Photo/Mark Lennihan, File) FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. Worries over the timing of a U.S. rate hike, economic weakness in China and an impending referendum on Scottish independence kept a lid on global stock markets Wednesday, Sept. 10, 2014. (AP Photo/Mark Lennihan, File)

By Associated Press September 10, 2014 1 min read

NEW YORK (AP) – Stocks are closing slightly higher as the market breaks a two-day slump.

Apple was in focus again. The company gained 3 percent a day after announcing a mobile payment system, new iPhones and a smartwatch.

Krispy Kreme Doughnuts sank 3 percent after reporting earnings that fell short of analysts’ forecasts.

The Dow Jones industrial average rose 54 points, or 0.3 percent, to close at 17,068 Wednesday.

The Standard & Poor’s 500 index rose seven points, or 0.4 percent, to 1,995. The Nasdaq composite rose 34 points, or 0.8 percent, to 4,586. Apple is the biggest component of both the S&P 500 index and the Nasdaq.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.54 percent.