Global stocks gain after Apple 'got its mojo back' with bullish forecast — while traders cheer China trade-war progress and Fed meeting
Global stocks gained Wednesday after Apple issued a bullish revenue forecast and revealed signs of recovery in iPhone sales.
Apple's shares rose more than 5% in premarket trading after the company forecast third-quarter revenue of $52.5 billion to $54.5 billion, above analysts' expectations.
Helping sentiment was progress in the US-China trade war.
Federal Reserve Chairman Jerome Powell is set to discuss the state of the US economy later Wednesday.
Watch Apple trade live.Global stocks gained Wed
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