Apple's stock racks up biggest one-day gain since July 2020


FILE PHOTO: An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo

(Reuters) - Apple Inc's shares rallied nearly 7% on Friday in its biggest one-day percentage jump in a year and a half after the iPhone maker reported blockbuster results and teased its metaverse ambitions.

The Cupertino, California company's gain reduced some of the losses it has suffered in recent weeks during a broad selloff in growth and technology stocks.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Google Photos is making its smart editing tools available to everyone
Palmsy is your one-person social media with pretend likes
AI is being used to help you eat those leftovers in your fridge
How you address ChatPT can affect your response
Salesforce is in advanced talks to buy Informatica, WSJ reports
Coinbase asks to appeal part of case against US SEC
A gaming revolution: From niche industry to pop culture phenomenon
SAG-AFTRA union secures AI protections for artists in deal with major record labels
Roku says more than 500,000 accounts impacted in cyberattack
Exclusive-OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers

Others Also Read