U.S. Stocks Rise as Apple Shares Surge; Boeing Shares Fall on Trump Tweet

U.S. stocks inched higher on Tuesday, buoyed by a rally in Apple (AAPL) - Get Report shares. Apple CEO Tim Cook told Reuters that Apple Watch sales set a record during the first week of the holiday shopping season. He also said the Apple Watch is set to be "one of the most popular holiday gifts this year." Boeing (BA) - Get Report shares moved lower after President-elect Donald Trump tweeted that the government should cancel its order of a new Air Force One 747 jetliner, which he says could cost $4 billion. He also said the costs are "out of control." Nike (NKE) - Get Report shares were in focus after the sportswear company was downgraded to MARKET PERFORM from UNDERPERFORM by the analysts at Cowen & Co., amid worries that rivals Under Armour (UA) - Get Report and Adidas may chip away at Nike's market share. TheStreet's Scott Gamm reports from Wall Street.