Why Apple's Stock Is Surging Today
Shares of consumer tech giant (NASDAQ: AAPL) traded over 5% higher, as of 11:51 a.m. ET today, after officials from the U.S. and China announced a 90-day pause on extremely high tariffs rates, setting the stage for a broader trade agreement. The Dow Jones Industrial Average (DJINDICES: ^DJI) traded over 860 points higher, while the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) was up about 3.4%.
Few large tech stocks will benefit more from a de-escalation in trade tensions between the U.S. and China than Apple. Apple makes as much as 90% of its iPhones in China, according to some analysts.
Image source: Getty Images.
Source Fool.com
Apple Inc. Stock
€198.48
0.590%
Our community is currently high on Apple Inc. with 103 Buy predictions and 12 Sell predictions.
As a result the target price of 230 € shows a slightly positive potential of 15.88% compared to the current price of 198.48 € for Apple Inc..
