Apple's $191 Billion Single-Day Surge Sets Stock-Market Record

DEAD7

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Apple's $191 Billion Single-Day Surge Sets Stock-Market Record


Apple's surge Thursday was one for the record books. The world's most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation data buoyed equity markets across the board. The jump eclipsed Amazon's $190.8 billion gain in February, according to data compiled by Bloomberg. Apple, which after Thursday's 8.8% jump has a market capitalization of $2.34 trillion, now accounts for four out of the top five biggest daily gains. The stock remains down 17% this year.
 

SleezyBigSlim

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I want to do a long call on Apple but too soon to know how these interest rate hikes will effect them. Like Amazon, Apple has huge construction projects that likely just got a lot more expensive. For now they are freezing hiring. Layoffs may happen next year tho, we'll see.
 
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