Closing Bell: Apple's September Launch Event; S&P 500 Ends Fifth Day of Gains - TheStreet

Closing Bell: Apple's September Launch Event; S&P 500 Ends Fifth Day of Gains

The S&P 500 ended its fifth straight day in the green, while the Nasdaq managed to close at a new record.
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Broad gains pushed stocks to end at session highs. The S&P 500 closed with its fifth straight day in the green, while the Nasdaq managed to close at a new record. 

Apple Inc. (AAPL) - Get Report has scheduled a September 12 launch event in what is expected to include the unveiling of the highly anticipated iPhone 8. The new model is expected to feature a full-phone screen that does away with the home button.

Dollar General Corp. (DG) - Get Report reported better-than-expected sales over its second quarter. Same-store sales rose by 2.6%, 100 basis points above forecasts. Higher sales growth was tied to an increase in average transaction amounts.

Walt Disney Co. (DIS) - Get Report could cut around 300 jobs at its ABC Television Group. The job cuts, likely to come by the end of September, are part of an effort to cut expenses by 10%.