NEW YORK >> U.S. stocks ended higher and the Nasdaq notched a record closing high for the second straight day today as technology-related shares, including Apple, gained and as investors were optimistic about potential interest rate cuts.
The three major indexes also registered solid gains for the week.
Apple shares climbed 4.2% today and were up 13.3% for the week in their biggest weekly percentage gain since 2020. President Donald Trump on Wednesday said Apple would invest an additional $100 billion in the U.S., bringing its total commitment to $600 billion over the next four years.
The S&P 500 technology and communication services indexes led sector gains for the S&P 500 today and the indexes also posted record high closes.
Also helping the S&P 500, shares of Gilead Sciences jumped