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US stocks rally as Apple leads Big Tech recovery

Published 19/01/2024, 10:00 am
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NEW YORK - Wall Street experienced a robust rally today, with major indices posting significant gains. The S&P 500 rose 0.9% to close at 4,780.94, the Dow Jones Industrial Average increased by 0.5% to 37,468.61, and the Nasdaq Composite surged 1.3% to 15,055.65.

The upswing was led by Apple (NASDAQ:AAPL), which saw its share price climb by 3.3%, marking a notable rebound for Big Tech stocks. The positive market movements coincided with a stabilization in the bond market, where the ten-year Treasury yield edged up slightly to 4.13%. This slight uptick in yield reflects a balance between investor concerns about economic growth and inflation.

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