After Super Tuesday’s $9.49 loss, Apple closed up $13.42 (4.64%) for the day.
From “Wall Street rebounds to close 4% higher” posted Wednesday by the Financial Times:
US stocks rose more than 4 per cent on Wednesday as investors cheered Joe Biden’s strong showing in the Democratic primaries and US lawmakers proposed an $8bn deal to fund a response to the coronavirus outbreak.
The S&P 500 extended earlier gains after the House of Representatives announced a vote on a spending package to help limit the spread of the virus. Investors have also welcomed signs of a more co-ordinated policy response by governments and central banks around the world…
The gains for US stocks on Wednesday come after one of the most dramatic periods of trading on Wall Street since the financial crisis. On Tuesday stocks sold off after the Federal Reserve’s shock decision to cut interest rates by half a percentage point, having posted one of the best days in the last decade on Monday. Last week saw heavy selling due to fears of the spread of the coronavirus.
My take: Volatility, thy name is Apple.