Friday, 11 May 2018

Wall Street Jumped On Thursday, And Apple Inched Closer To A USD 1 Trillion Stock Market

Wall Street jumped on Thursday, and Apple inched closer to a USD 1 trillion stock market value, as tepid inflation data eased worries of faster US interest rate hikes this year.

Fuelled by a USD 100 billion buyback plan unveiled last week, Apple rose 1.43 percent to a record high close of USD 190.04, lifting the S&P 500 more than any other stock. 

The iPhone maker is about 7 percent away from becoming the first company ever to have a market capitalisation of USD 1 trillion.

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