T AT&T Inc

By Austen Hufford 

Shares of Apple Inc. rose as much as 3.2% Tuesday following generally positive reviews of its latest iPhone and indications of consumer interest from the wireless carriers.

The stock, which traded as high as $108.79, recently increased 2.6% to $108.18 in morning trading in New York, making it the lone positive stock Tuesday in the Dow Jones Industrial Average and the biggest gainer in the S&P 500 index.

Last week, Apple unveiled the iPhone 7 and iPhone 7 Plus, which offer a longer battery life, more storage and brighter screens than their predecessors, but eliminate the traditional headphone jack.

On Tuesday, many media outlets, including The Wall Street Journal, released their reviews for the new iPhones. The Wall Street Journal, in its review, said the new smartphones were worth the upgrade and showed that Apple was "improving features that actually matter."

Also on Tuesday, T-Mobile US Inc. and Sprint Corp. each issued news releases suggesting strong consumer interest in the new phones. T-Mobile said the new iPhones broke the carrier's previous iPhone preorder record and set a single-day sales record at the carrier on Friday. Sprint said preorders for the new iPhones rose more than 375% in the first three days from a year ago.

T-Mobile and Sprint, however, failed to provide specific numbers, and further information about iPhone sales wasn't immediately expected. Apple -- in a departure from its past practice -- said it wouldn't disclose its first-weekend sales of the iPhone 7.

The comments from T-Mobile and Sprint aren't helping their stocks amid a broader market selloff. T-Mobile shares fell 2.1% to $44.98, while Sprint dropped 5.1% to $6.57.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

September 13, 2016 12:49 ET (16:49 GMT)

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