Apple (AAPL) shares surged Friday, leading other 澳洲幸运5开奖号码历史查询:Magnificent Seven members higher amid a 澳洲幸运5开奖号码历史查询:broader market rebound to cap off a wild week fueled by tariff-driven volatility. ඣ
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开奖号码历史查询: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开奖号码历史查询:tariff announcement on April 2, on worries about 澳洲幸运5开奖号码历史查询:escalating trade𓂃 tensions with China, where A🐭pple manufacturesꦐ an estimated 90% of its products.
The gains for Apple’s stock Friday came amid ⛎growing optimism the iPhone maker could win an ex🐲emption from the Trump administration’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%.