S&P 500 Extends Rally as Apple Touches a Record, Earnings Beat
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The iPhone 17 at an Apple store in Los Angeles.
Photographer: Eric Thayer/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Felice MaranzOctober 20, 2025 at 2:31 PM UTCUpdated on October 20, 2025 at 8:22 PM UTCBookmarkSave
The S&P 500 extended its gains for a second day, helped by signs trade tensions with China may be easing. Better-than-expected corporate earnings trends and a rally in Apple Inc. — which hit its first record this year as analysts highlighted improving iPhone demand trends — also boosted sentiment.
The advance was aided by Treasury Secretary Scott Bessent’s plans to head to Malaysia this week for a new round of US-China trade talks, signaling an effort by Washington to calm fears of a full-blown trade war. Separately, National Economic Council Director Kevin Hassett said he thinks the US government shutdown is likely to endBloomberg Terminal some time this week.
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