Why Apple's Stock Is Surging Today
Shares of consumer tech giant Apple (NASDAQ: AAPL) traded over 5% higher, as of 11:51 a.m. ET today, after officials from the U.S. and China announced a 90-day pause on extremely high tariffs rates, setting the stage for a broader trade agreement. The Dow Jones Industrial Average (DJINDICES: ^DJI) traded over 860 points higher, while the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) was up about 3.4%.Few large tech stocks will benefit more from a de-escalation in trade tensions between the U.S. and China than Apple. Apple makes as much as 90% of its iPhones in China, according to some analysts.Image source: Getty Images.Continue reading
Shares of consumer tech giant Apple (NASDAQ: AAPL) traded over 5% higher, as of 11:51 a.m. ET today, after officials from the U.S. and China announced a 90-day pause on extremely high tariffs rates, setting the stage for a broader trade agreement. The Dow Jones Industrial Average (DJINDICES: ^DJI) traded over 860 points higher, while the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) was up about 3.4%.
Few large tech stocks will benefit more from a de-escalation in trade tensions between the U.S. and China than Apple. Apple makes as much as 90% of its iPhones in China, according to some analysts.
Image source: Getty Images.
