Apple stock soared over 15% today ahead of possible tariff exemptions

It’s been a wild day for the global economy. Amid US tariff turmoil and reversals, the stock market went on quite the ride. After nearly a week of big losses, Apple stock rebounded significantly with more than 15% in gains—a result not only of the current tariff pause, but likely also exemption optimism thanks to new comments from President Trump. Rebounding Apple stock likely buoyed by exemption possibility Apple’s stock started the day at $171.95, a recent low in light of looming tariffs and an escalating trade war between the US and China. But following word that the most severe global tariffs were on a 90-day pause, the stock soared and closed at $198.85. This represents more than a 15% increase, though it’s still down from pre-tariff numbers that hovered above $200. The temporary de-escalation is undoubtedly a big part of today’s increases. So too, I suspect, is Trump’s indication that certain US companies may be getting tariff exemptions. Annie Linskey writes for The Wall S ... Read full article.