Apple Leads Wall Street Rally as Inflation Fears Ease

Apple Leads Wall Street Rally as Inflation Fears Ease
A video board display after the closing bell of the Dow Jones Industrial Average at the New York Stock Exchange on Dec. 20. BRYAN R. SMITH/AFP/Getty Images
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NEW YORK—Apple and other technology stocks led a rally on Wall Street on Friday after weaker-than-expected U.S. wage growth data eased concerns about faster interest-rate hikes.

Shares of Apple Inc jumped to a record high of $184.00 during the session after Warren Buffett’s Berkshire Hathaway Inc disclosed that it had raised its stake in the iPhone maker.