Stocks Ended with April Gains

U. S. stocks closed with slight gains on Tuesday on a rally in Apple and encouraging economic data. The Dow Jones  Industrial Average rose 21.05 points, or 0.14%, to 14,839.80, up 1.8% for April. The S&P 500 index gained 3.96  points, or 0.25%, to 1,597.57, a monthly rise of 1.8%. The Nasdaq Composite gained 21.77 points, or 0.66% to  3,328.79, leaving it with a 1.9% monthly gain.

Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, offering a whopping $17  billion for sale as the U.S. computer giant switches strategy to placate restless shareholders.

Moody’s Investors Service is lowering its long-term ratings for J.C. Penney, saying a new term loan won’t fix long-  term performance concerns or reduce the amount of cash the retail store operator is expected to go through over the  next 12 months.

T-Mobile USA, the country’s fourth-largest cellphone carrier, is set to complete its acquisition of MetroPCS after  the stock market closes on Tuesday.

Cyprus’ lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at  preventing the crisis-hit country from going bankrupt.

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