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Stock Market Today: Mag 7 & Chip Stocks Rally on Tariff Pause, AAPL Price Hikes

May 12, 2025
02:45

It was green in just about every corner of Wall Street after the U.S. and China agree on temporary tariff cuts. Chips stocks like Nvidia (NVDA), AMD Inc. (AMD) and Micron (MU) saw some of the biggest gains, alongside consumer discretionary names like Amazon (AMZN). Apple (AAPL) noted that it plans to raise prices on its next iPhone cycle but claims tariffs aren't the reason behind the price hikes. Caroline Woods takes investors through the rally's biggest stories.


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