Stock Bull Run Powers Ahead as Apple Surges 5%: Markets Wrap

Stock buyers waded back into the market, with a rally in most big techs driving gains. Short-dated Treasury yields fell on bets the Federal Reserve will soon be able to cut rates. The dollar slid.

The impetus to buy the dip has rarely been this strong, with the S&P 500 up almost 1% after a brief slide this week. The gauge has climbed an average 0.3% a day after a down session this year — on course for the second-best annual showing. The Nasdaq 100 rose 1.3%. Apple Inc. jumped 5.1%, with Donald Trump set to announce the firm will commit to a fresh $100 billion US investment as it seeks to avoid punishing tariffs on iPhones.