Apple Turns Positive for 2024 After Addressing Key Bear Concerns
— Apple Inc. closed in positive territory for the year on Monday, in the latest sign of improving sentiment toward the iPhone maker.Key Engines of US Consumer Spending Are Losing Steam All at Once. GameStop Shares Surge as Gill’s Reddit Return Shows Huge Bet. Mnuchin Chases Wall Street Glory With His War Chest of Foreign Money. Homebuyers Are Starting to Revolt Over Steep Prices Across US. AMLO Protege Sheinbaum Becomes First Female President in Mexico. The stock rose 0.9%, its sixth straight positive session, and it is now up 0.8% for 2024. Shares climbed about 13% over the month of May, Apple’s biggest one-month percentage gain since July 2022.Much of the stock’s recent strength followed Apple’s quarterly report in early May when it gave an upbeat forecast that eased concerns about its growth trends and sales in China. The company also announced the largest stock buyback program in US history at $110 billion.“AI technology being introduced into the Apple ecosystem will bring ample m