Apple Bounces Back: 15% Surge in Stock Price on Tariff Relief
Apple's stock experienced a significant recovery following President Trump’s announcement of a 90-day pause on tariffs affecting more than 75 countries. After several days of losses, including a 5% drop on Tuesday to $172.87, the stock surged by 15.3% on Wednesday, closing at $198.85. The market's positive reaction also helped Apple reclaim its position as the largest U.S. company by market cap, now at $2.99 trillion. The pause in tariffs and a reduction in tariffs for countries other than China are seen as beneficial for Apple, which has an expanded supply chain outside of China.
Latest News
MacBook Neo Defies Expectations by Outperforming Enterprise Cloud Servers
1 hour ago
Jensen Huang Defends DLSS 5: AI Enhancements Won't Kill Creative Control
1 hour ago
Warhammer’s New Black Library App Unlocks a Galaxy of Free Stories
1 hour ago
iPhone 18 Pro: The Next Big Design Revolution Revealed
3 hours ago
Microsoft Sneaks 10 Essential Upgrades Into New Windows 11 Insider Build
3 hours ago
WhatsApp for iOS Unveils Sleek New Profile Tab in Latest Update
5 hours ago