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%.