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. REUTERSMike SegarFile Photo

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.

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