“Not all stock market volatility is bad volatility,” Adam Shell reports for USA Today. “The Dow’s 200-point jump today is proof.”
“At 2:30 p.m. ET, the Dow Jones industrial average, which has finished lower five of the past six sessions, was up 208 points, or 1.2%. The broad Standard & Poor’s 500 stock index was 1.2% higher and the Nasdaq composite was up 1.5%,” Shell reports. “The Dow is being helped by another rally in shares of iPhone maker Apple, which is up 3% today to $115.21, extending its gain this week to more than 11% on optimism surrounding the release of the latest version of its signature iPhone.”
Shell reports, “With interest rate uncertainty weighing on markets ahead of the Federal Reserve’s highly anticipated policy decision next Wednesday, Wall Street turned its attention to a batch of fresh economic data released Thursday.”
Read more in the full article here.
MacDailyNews Take: The AAPL buoy can’t be held underwater by artificial “concerns” forever.