Stock market today: Apple gives some juice after brutal week

FILE – An NYSE sign is seen on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. (AP Photo/Seth Wenig, File)

NEW YORK (AP) — Wall Street’s most influential stock is helping to pull the market higher after Apple reported better profit than expected, while beaten-down banks also leap to cut into their sharp losses from a brutal week. The S&P 500 was 1% higher in early trading Friday, though it’s still on pace for its worst week in nearly two months. The Dow rose 1.1% and the Nasdaq composite rose 1%. Treasury yields were jumping in the bond market after a report showed hiring accelerated across the economy by much more than expected last month. The government’s monthly jobs report also showed workers won bigger pay raises than expected.