Apple shares jumped 15% on Wednesday after Trump announced a 90-day pause on “reciprocal tariffs,” according to CNBC. The rally added over $400 billion to Apple’s market cap, bringing it just under $3 trillion. It marked the company’s strongest day since January 1998, when Steve Jobs was interim CEO. Apple faced its worst four-day stretch since 2000 as Trump’s tariffs raised concerns about its reliance on imported physical goods. Most of its products are made in China, where tariffs rose to 125% on Wednesday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple shares jumped 15% on Wednesday after Trump announced a 90-day pause on reciprocal tariffs,
00:07and according to CNBC, the rally added over $400 billion to Apple's market cap,
00:11bringing it to just under $3 trillion.
00:13Martin's company's strongest day since January 1998, when Steve Jobs was interim CEO.
00:19Apple faced its worst four-day stretch since 2000,
00:22as Trump's tariffs raised concerns about its reliance on important physical goods.
00:25Most of its products are made in China, where tariffs rose to 125% on Wednesday.
00:30For all things money, visit Benzinga.com slash GSTV.