U.S. stocks retreated across the board on Tuesday trading as investors speculated about the timing of an interest rate hike and worried about the possibility of a deterioration in the global economy.
Despite the market rout, a few stocks managed to post gains on Tuesday.
Apple Inc. AAPL gained 2.55 percent. According to various cell phone providers, iPhone 7 demand was substantially stronger than demand for the new iPhone released last year.
Paypal Holdings Inc PYPL was up 2.81 percent after company execs talked at a Deutsche Bank Conference. The team said investors shouldn’t assume the Visa Inc V and Mastercard Inc MA deals are automatically dilutive to their earnings.
Shares of Broadcom Ltd AVGO also rose on Tuesday, although only $0.76 or 0.46 percent. The boost may have been driven by the news about the strong demand for the iPhone 7, which use Broadcom components.
Finally, there’s Carnival Corp CCL, which climbed 0.91 percent, possibly on a Zacks upgrade, and the addition of two additional cruise dates from U.S. to Cuba for fall 2016.
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