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Stock Market Today: Apple Sprouts Wings, Stocks Rally Into the Weekend
Aug 21, 2020
2 minutes
Rosier economic data lifted the broader markets Friday, but much of the day's progress can be credited, once again, to Apple (AAPL) and a handful of other large tech winners.
The National Association of Realtors reported a second consecutive record monthly increase in existing-home sales – a 24.7% jump from June to a seasonally adjusted annual rate of 5.86 million in July, which could booming. Also, IHS Markit's flash readings for American manufacturing and services were both up in July; scores of 53.6 and 54.8, respectively, signal improving environments for both.
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