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Why Apple Stock Was Up Today

TheMotleyFool

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Apple (NASDAQ: AAPL) shareholders beat the market on Monday as the stock rose 2% by 3:30 p.m. ET compared with a 1% rise in the S&P 500. The iPhone maker benefited from brightening expectations around consumer tech spending over the next few quarters.

Apple stock participated in a rally for tech giants that included well-known growth names like Meta Platforms, Nvidia, and Tesla, which all beat the market on Monday. The tech-heavy Nasdaq index was up 1.2% by late Monday compared with a 1.1% boost in the S&P 500.

Image source: Getty Images.

Source Fool.com

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