Apple stock surged +4.06%, closing at $270.01, as investors rotated capital away from high-growth tech and AI investments toward stable, blue-chip equities.
- The broader market shift benefited defensive names, causing the Dow Jones Industrial Average to rise over 1%, significantly outperforming tech-heavy indices.
- The rotation was fueled by strong January Manufacturing PMI data (52.6 vs. 48.5 forecast), suggesting economic resilience but potentially signaling a delay in Federal Reserve rate cuts.