Wall Street surged on Thursday and was on track to end higher for a fifth straight session, led by Apple and other technology stocks as investors shrugged off recent inflation worries that threw the market into a sell-off at the start of the month.
Apple Inc jumped 3.2 percent and contributed more than any other stock to gains on the S&P 500 after Warren Buffett’s Berkshire Hathaway made the iPhone maker its top investment.
A Labor Department report showed U.S. producer prices rose in line with expectations in January, likely calming fears that inflation was picking up faster than expected.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!