Apple, other tech shares bounce

NEW YORK CITY: Apple and other tech shares led US equities higher on Thursday following mixed inflation data and a European Central Bank decision that signaled a possible imminent interest rate cut. US wholesale inflation rose by 0.2 percent in March, a bit less than expected. However, on an annual level, the index for final […]

Apple, other tech shares bounce

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NEW YORK CITY: Apple and other tech shares led US equities higher on Thursday following mixed inflation data and a European Central Bank decision that signaled a possible imminent interest rate cut.

US wholesale inflation rose by 0.2 percent in March, a bit less than expected. However, on an annual level, the index for final demand increased 2.1 percent for the 12 months ending in March its highest level since April 2023.

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