Tuesday, Nov. 10, 2015 | 1:12 p.m.
NEW YORK (AP) — Stocks reversed course and moved higher Tuesday afternoon, setting the market up to break a four-day losing streak.
The leaders included some of the best-performing sectors of 2015, including consumer discretionary stocks and health care companies. Tech stocks fell, led by a decline in Apple after analysts at Credit Suisse said a slowdown in the company's orders for components suggested weak demand for the new iPhone 6s.
KEEPING SCORE: The Dow Jones industrial average rose 22 points, or 0.1 percent, to 17,752 as of 3:20 p.m. Eastern time. The Standard & Poor's 500 index added three points, or 0.1 percent, to 2,081. The tech-heavy Nasdaq composite gave up 13 points, or 0.3 percent, to 5,082.
HEALTHY GAINS: Health care stocks advanced. Botox maker Allergan and insurer UnitedHealth were among the gainers. Allergan, which has held talks with competitor Pfizer about a potential sale, rose $9.04, or 3.1 percent, to $305.86. UnitedHealth added $1.72, or 1.5 percent, to $115.98.
APPLE DIP: Apple lost $3.79, or 3.1 percent, to $116.78 after Credit Suisse said Apple cut orders for some components in Asia by up to 10 percent, suggesting weak demand for the iPhone 6s. The world's most valuable company reported a quarter of record earnings just two weeks ago, boosted by surging sales in China.
TECH SLIP: Apple's loss weighed down tech stocks. Tech stocks have had a strong year, rising more than 6 percent, the second-best industry gain in the S&P 500.
GO SMALL OR GO HOME: While tech and health care stocks have performed well this year, some companies could have a rougher road ahead. With the Federal Reserve poised to raise interest rates, the dollar could get stronger. That would be a source of pain for semiconductor makers and drug companies, said Jack Ablin of BMO Private Bank.
"The types of companies that could get hurt are the ones that rely on exports for their growth and profits," he said.
CHIPOTLE: Chipotle Mexican Grill's restaurants in Washington state and Oregon could reopen in a few days after health officials said they did not find a source for an E. coli outbreak that was related to the company. Shares of Chipotle rose $17.17, or 2.8 percent, to $626.46.
MIXED BAG OF RESULTS: Homebuilder D.R. Horton rose $2.57, or 8.9 percent, to $31.34 after its fiscal fourth-quarter results surpassed analyst estimates.
Gap lost 50 cents, or 1.8 percent, to $27.19 after the retailer posted disappointing results for October, including lower overall sales. Rockwell Automation fell $3.33, or 3.1 percent, to $104.46 after the industrial equipment and software maker's earnings came in short of what analysts were looking for.
BONDS: Bond prices didn't move much. The yield on the 10-year Treasury note dipped to 2.32 percent from 2.34 percent a day earlier.
ENERGY: Benchmark U.S. crude rose 34 cents, or 0.8 percent, to close at $44.21 a barrel in New York. Brent crude, a benchmark for international oils, picked up 25 cents, or 0.5 percent, to close at $47.44 a barrel in London. Heating oil rose 0.9 cents to $1.487 and wholesale gasoline slipped 0.9 cents to $1.362 a gallon. Natural gas rose two cents to $2.32 per 1,000 cubic feet.
CURRENCIES: The dollar rose to 123.22 yen from 123.11 yen on Monday. The euro slipped to $1.0713 from $1.0758.
METALS: Gold inched up 40 cents to $1,088.50 an ounce. Silver fell 5.7 cents to $14.36 an ounce. Copper fell 1.25 cents to $2.2175 a pound.
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