Stock market today: Apple-juiced rally closes bruising week
Apple was at the head of a widespread rally on Wall Street after the stock market’s most influential company reported a better profit than expected NEW YORK -- Apple was at the head of a widespread rally on Wall Street Friday after the market 's most influential company reported a better profit than expected. Stocks of beaten-down banks also leapt to recover a smidgen of their sharp losses from a brutal week. The S &P 500 jumped 1.8%, though it still turned in a modest loss for the week that was its worst in nearly two months. The Dow Jones Industrial Average climbed 546 points, or 1.7%, while the Nasdaq composite rallied 2.2%. Treasury yields jumped in the bond market after a report showed hiring accelerated across the economy by much more than expected last month. The U.S. government’s jobs report also showed workers won bigger pay raises in April than expected. While that’s good news, particularly when many economists fear a recession may arrive this year, the data also ra...