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Apple's stock surges again, heads for biggest 2-day gain in 4 months

Tomi Kilgore

Shares of Apple Inc. rallied 2.5% in morning trade Wednesday, to extend the previous session's big bounce off a 3-month low as growing hopes for an interest rate cut by the Federal Reserve helped spark a broader stock market rally. The technology giant's stock was the biggest gainer among Dow Jones Industrial Average components. After running up 3.7% on Tuesday, Apple's stock is on track for the biggest two-day gain--6.2%--since it surged 7.6% in the two days ending Jan. 31, which came on the heels of first-quarter results. The rally comes after the SPDR Technology Select Sector ETF has climbed 4.7% in two days and the Dow has rallied 652 points, or 2.6%.