Rallying Apple Shares Drive US Stocks Higher

May 17, 2016

This story was updated at 4 p.m. EDT. Wall Street surged Monday afternoon, rebounding from a bruising week, helped by Apple Inc. and a rally in oil prices. Apple shares rose 4 percent to $94 after Warren Buffett’s Berkshire Hathaway reported a stake worth about $1 billion in the iPhone maker. The stock, which had lost…

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