Apple leads Wall Street surge as U.S. delays on tariffs [Reuters]
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Source: Reuters
Apple leads Wall Street surge as U.S. delays on tariffs - Reuters 3 Min Read (Reuters) - U.S. stocks surged almost 2% on Tuesday as the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 5% surge in shares in iPhone maker Apple Inc. The Office of the U.S. Trade Representative said tariffs would also be delayed until Dec. 15 on “computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.” That eased the concerns of a trade war-driven slowdown in global growth that have dominated two weeks of volatile trading on Wall Street, since President Donald Trump announced a new round of tariffs on Aug. 1. A 4.8% jump in Apple shares and a rise in chip stocks pushed the technology sector, traditionally among the most sensitive to trade issues, 2.33% higher. The Philadelphia chip index .SOX rose 3.16%. Boeing Co ( BA.N ) rose 1.00% while Caterpillar Inc ( CAT.N ), another c
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AAPL
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