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S&P 500 approaches four-year high as Apple climbs to record
Aug 18th 2012, 02:08

NEW YORK: Stocks rose Friday with the Standard & Poor’s 500 index approaching a four-year high amid better-than-estimated data on consumer confidence and leading indicators and as Apple Inc. shares climbed to a record. Apple rose 1.9 percent, surpassing $600 billion in market value, after Jefferies & Co. said the company had started production of the iPad mini, a smaller version of its popular tablet. Gap Inc. and Orrville-based J.M. Smucker Co. added at least 4.8 percent as earnings topped estimates. Marvell Technology Group Ltd. lost 14 percent after predicting...

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