US STOCKS-Apple, Visa power Wall St higher as roller-coaster week winds down [Reuters]
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Source: Reuters
By Devik Jain , Bansari Mayur Kamdar 4 Min Read (Reuters) -Wall Street’s main indexes reversed course to move higher on Friday, propelled by gains in Apple and Visa, at the end of a week marked by wild gyrations on worries about aggressive rate hikes by the Federal Reserve and geopolitical tensions. Apple Inc shares jumped 5.7% after the iPhone maker reported blockbuster results and teased its metaverse ambitions. The stock was the single biggest contributor to the rally on the Nasdaq and the S&P 500. Visa surged 8.3% after beating quarterly estimates as more international travel and e-commerce drove an increase in spending volumes. Six of the 11 major S&P sectors advanced, with technology sector jumping more than 2.6%. “The Apple growth story is plowing straight ahead and supply chain improvements potentially on the horizon is a major bullish data point not just for Apple, but the entire tech sector to digest this morning,” said Wedbush Securities analyst Daniel Ives. Meanwhile, Rus
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AAPL
Earnings
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