U.S. Market Review - First Place Finance - Trump might help Apple

U.S. stocks advanced today amid reports of boosting measures in China and Germany calmed fears of a severe downturn in the global economy.

Shares of Apple Inc (AAPL.O) supplied a large lift of for the three main Wall Street indexes.

Yesterday, the President reported that he had spoken with Apple Chief Executive Officer Tim Cook, who “made a good case” that tariffs could hurt Apple.

The Dow Jones Industrial Average gained 249.78 points, or 0.96%, to 26,135.79, the S&P-500 surged 34.97 points, or 1.21%, to 2,923.65.

Dow Jones Industrial Average

The Nasdaq Composite advanced 106.82 points, or 1.35%, to 8,002.81.

The government debt yields jumped after higher market and economic outlook goaded investors back into riskier assets.

The yield on the benchmark 10-year Treasury note added 6 basis points to 1.6% while the rate on Treasurys maturing in two years rose 5 basis points to 1.541%.

10-year Treasury note chart