NEW YORK (AP) The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The iPhone makers stock climbed more than $50 after the company once again blew past Wall Streets profit forecasts.
The technology-focused Nasdaq was headed for one of its best days this year.
Apple, by far the biggest component of the index, climbed 8 percent after reporting that its earnings doubled from January through March. The company sold 35 million iPhones, twice as many as in the similar quarter a year ago.
The surge made back about half of what Apple lost in the two weeks before its earnings announcement late Tuesday. One reason for the slump was an analysts...