US STOCKS-Small gain on Wall St as investors eye rate hike

martes 10 de noviembre de 2015 17:37 GYT
 

* Apple falls as Credit Suisse reports components order cut

* Consumer discretionary sector leads gainers

* China faces persisting deflationary pressure in Oct.

* Indexes: Dow up 0.16 pct, S&P up 0.15 pct, Nasdaq down 0.24 pct (Updates to close)

By Noel Randewich

Nov 10 (Reuters) - Wall Street ended modestly higher after a choppy session on Tuesday as gains in consumer discretionary stocks offset a drop in Apple and investors hunkered down for a potential interest rate hike next month.

Apple's shares fell 3.15 percent after Credit Suisse said the iPhone maker had cut component orders by as much as 10 percent, indicating weakening demand for its newest smartphones.

The stock was the biggest drag on the three major indexes. After falling in the four previous sessions, the S&P 500 flittered between losses and gains for much of the session before finishing 0.15 percent higher at 2,081.72 points.

"We could face a little more of this kind of trading as we see people position around the idea of a rate increase," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia. "Over next couple weeks, it could be a little sloppy before we head into Thanksgiving."   Continuación...