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Art Hogan of Wunderlich Securities in New York said: “Apple to a certain extent is a ‘sell the news’ event, A great deal of expectation has been built into the stock.” The S P energy index rose on the news that the global surplus of oil was starting to shrink. The S P 500 edged up a meager 1.89 points or 0.08 percent to 2,498.37.

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