To The Moon

Under the blow of the Fed's hawkish signal, the major US stock indexes almost continued to fall this week. It was not until the strong performance of Apple came forward and led a group of technology stocks to turn the tide on the last trading day of the week. This move saves the Nasdaq from a five-week losing streak for the first time in more than nine years. $Apple(AAPL)$ Apple Posts Highest-Ever Quarterly Earnings in Sign It Tamed Supply Crisis Apple sales climbed 11% to a record, led by iPhones as usual Supply-chain constraints expected to ease in the March quarter Solve chip shortages: Apple Inc. shares gained the most since 2020 after quarterly results sailed past Wall Street estimates, marking a victory against a supply-chain crunch fueled by the pandemic and chip shortages. Profit shows confidence: Sales climbed 11% to a record $123.9 billion in the fiscal first quarter, the company said Thursday. Analysts had predicted $119.1 billion on average. Profit also beat projections, and the company predicted that sales would grow by a double-digit percentage in the March quarter. The biggest rise: The stock rallied 7% to $170.33 Friday on the news, marking the biggest one-day increase since July 31, 2020, which followed another blockbuster quarter. The tech-heavy benchmark gained 3.2% on Friday, its biggest one-day percentage gain since March, helping it post a weekly gain of 0.1%. Despite the positive session, tech stocks have been under pressure this year amid persistent concerns over inflation and a more hawkish Federal Reserve, which has hinted at several rate hikes this year. SHARE YOUR THOUGHTS Do you agree with "It’s Apple’s Turn to Try and Boost Tech Stocks After Rout"? You may be rewarded with Tiger Coins for sharing your thought in the comment💸💸💸 Follow me! Don't forget I am the richest tiger in this community😎😎