Stocks finish higher as tech and energy lead rebound
Wall Street trimmed a midday slump to close up with the S&P 500 rising 0.7 percent and the Nasdaq up 1.3 percent while the Dow gained 0.3 percent. Investors weigh inflation, global risks from the Ukraine war and energy demand as oil prices swing and major names like Microsoft and Tesla post gains.
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Apple to cut iPhone SE output by about 20 percent
Cupertino based Apple plans a 2 million to 3 million unit reduction in iPhone SE production next quarter, citing weaker consumer electronics demand amid the Ukraine war and inflation. The SE line was updated this month with 5G, aiming to push upgrades and attract Android users.
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