Nasdaq Rises on Apple Gains and Softer PPI Data
The Nasdaq closed higher as Apple shares surged to a record high following approval for generative AI features in China, while softer-than-expected Producer Price Index (PPI) data fueled optimism about potential Fed rate pauses. The Dow Jones rose 0.3%, the S&P 500 gained 0.4%, and investors are looking ahead to upcoming earnings reports.
Topics: AI features in China Apple inflation_data PPI