Apple Inches Closer to Erasing 2022 Losses as Inflation Cools

Since bottoming in mid-June, Apple’s shares have surged about 30%, outpacing the S&P 500 Index and the Nasdaq 100. That’s put Apple back on top as the world’s most valuable company and within sight of turning positive for the year. Apple is now down just 5% in 2022, compared with a drop of 18% for the Nasdaq 100. 

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