Shares of Apple Inc. advanced 2.2% after the president said he recently helped the company’s chief executive officer “and that whole business.”
Apple Inc led a broad advance across US equities to start the week after President Donald Trump said he spoke to the iPhone maker’s leader Tim Cook following a temporary reprieve on the reciprocal tariffs for smartphones, computers and other electronics.
The S&P 500 Index climbed 0.8% in New York, while the Nasdaq 100 Index edged up 0.6%. Both benchmarks pared bigger gains from earlier in the session, but their relative calm was a reprieve from the wide swings seen last week.
