Wall Street Stock Rebounds as Apple’s Market Value Surpasses $3 Trillion

Positive Territory for US Indices

Wall Street stock rebounded early Friday after a moderate US consumer price report, while Apple Group’s market value jumped above $3 trillion to a new record.

All three major US indices were in positive territory, with the Standard & Poor’s 500 up 0.8%. Apple’s share increased by 1.4% and exceeded $3 trillion in market value.

Inflation Concerns Eased

The Dow Jones Industrial Average rose 147.50 points, or 0.43%, to 34,269.92, while the Nasdaq Composite rose 128.65 points, or 0.95%, to 13,719.98.

Inflation showed signs of declining, which was a relief for investors worried about rising interest rates.