S&P 500, Nasdaq end at records after upbeat business surveys

The S&P 500 and Nasdaq closed at record highs on Friday, with both lifted by Apple after data pointed to some pockets of strength in the US economy. US business activity snapped back to the highest since early 2019 in August, according to IHS Markit surveys, as companies in both manufacturing and services sectors saw a resurgence in new orders. Another report showed US home sales rose at a record pace for a second straight month in July and home prices hit all-time highs. The unexpectedly...