Amazon, Apple power ‘Magnificent Seven’ toward $700 billion in market-cap gains

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

May 12, 2025 - 17:21
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Amazon, Apple power ‘Magnificent Seven’ toward $700 billion in market-cap gains
The U.S.-China agreement to reduce reciprocal tariffs “likely [takes] a recession off the table for now,” Wedbush analysts said.