Thursday's stocks surge fueled a record market value gain for Apple.
Wall Street stocks recorded their best performance since 2020 overnight after a smaller-than-expected rise in US consumer prices fueled optimism that the Federal Reserve will slow its aggressive pace of interest rate hikes.
Bloomberg data showed that the surge in Apple's stock exceeded Amazon's $190.8 billion gain in February, adding to the company's market cap, which was already worth more than fellow giants Alphabet, Amazon and Meta combined.
That reflected contrasting earnings results for those firms.
At the end of 2021, Apple had a market value of $2.913 trillion, according to Dow Jones Market Data.
That skepticism is driven by events this year when such joy has been deflated throughout 2022 and there are reasons to be concerned this time too.

Source - Coin Telegraph

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