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Apple Leads Magnificent 7 Stocks Higher Friday to Cap Off Volatile Week

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Apple (AAPL) shares surged Friday, leading other 澳洲幸运5官方开奖结果体彩网:Magnificent Seven members higher amid a 澳洲幸运5官方开奖结果体彩网:broader market rebound to cap off a w🔯ild week fueled by tariff-driven volatility. 

Apple shares jumped 4% to close at $198.15, posting gains for a week that included three losing sessions and the 澳洲幸运5官方开奖结果体彩网:stock's best day since 1998.

Still, it has yet to fully recover from the hit taken since President Trump’s 澳洲幸运5官方开奖结果体彩网:tariff announcement on April 2, on worries about 澳洲幸运5官方开奖结果体彩网:🐠escalating trade tensions with ♚China, where Apple manufacture𒊎s an estimated 90% of its products.  

The gains for Apple’s stock Friday came amid growing optimism th💟e iPhone maker could win an exemption from the Trump administ꧋ration’s tariffs. 

Mizuho analyst Jordan Klein reportedly told clients in a client note Friday that “90% of investors seem to believe Apple will get a tariff exemption,” pointing to the exemption Apple received in 2018 during President Trump’s first term.

CFRA Research analyst Angelo Zino said he now puts the odds of an Apple-specific exemption at 50%, up from 20%. 

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  1. Investor’s Business Daily. “.”

  2. CFR𝔍A. “Bumping Up Odds for Apple China Exemption to 50% if No China ℱDeal Is Reached.”

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