In the stock market on Wall Street, Apple's shares were up

The biggest companies in the market rallied on Wall Street,

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...and with it the weakest banks were able to recoup their losses.

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The S&P 500 took a small tumble but rose 1.8% today, with the Dow Jones Industrials up 1.7%.

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Bond markets jumped as the US government unveiled higher wage increases for workers in April, further accelerating.

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Banks in the US are facing instability due to high interest rates,

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...and the First Republic Bank closure has added to the concern.

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Apple's gains on Friday weren't high, yet it ranks as the most valuable stock on Wall Street.

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Despite lower earnings, that emerged as the key factor in the stock's surging 4.7%.

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In the stock market on Wall Street, Apple's shares were up

By Rahul

May 7, 2023