Apple's Stock Jumps Amid Tariff Relief

In a significant premarket movement, Apple Inc. shares soared over 5% after the United States government announced exemptions for various technological devices, including smartphones and semiconductors, from the proposed 145% trade duty on Chinese goods. This decision has alleviated fears of potential price hikes on Apple products, given the company's extensive manufacturing operations in China.

By 4:41 am ET, Apple's stock price had climbed to $209.51, marking a 5.73% increase in premarket trading. This surge reflects investor optimism following the tariff exemptions, which are expected to safeguard Apple's competitive pricing and profit margins.