Amazon, Apple power ‘Magnificent Seven’ to more than $830 billion in market-cap gains in one day

The U.S.-China agreement to reduce reciprocal tariffs “likely [takes] a recession off the table for now,” Wedbush analysts said.

May 12, 2025 - 21:36
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Amazon, Apple power ‘Magnificent Seven’ to more than $830 billion in market-cap gains in one day
The U.S.-China agreement to reduce reciprocal tariffs “likely [takes] a recession off the table for now,” Wedbush analysts said.