What Apple's surging stock says about the market

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Bitcoin has erased its losses for the year, while shares of Apple — a bellwether for the tech industry — have climbed over the past 10 trading sessions.

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What's happening: European stocks, which faced extreme selling as the region scrambled to secure energy supplies, are up 11% from their lows."We've seen a lot of investors [move] past the initial panic now," Walid Koudmani, chief market analyst at the brokerage XTB, told me. While sentiment could still change, Wall Street is seeing"a lot more certainty" on the effects of the war and how policymakers will respond, he added.

 

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