Apple’s Scorching Run Puts Stock on Brink of Cracking Key Level

Apple Inc.’s two-day surge has it on the cusp of ending a prolonged run under a key technical threshold that’s been symbolic of its struggle to convince investors that it can deliver on artificial intelligence and manage its tariff risks.

Shares of the iPhone maker have risen as much as 8.2% across two days of trading after President Donald Trump announced that Apple plans to spend an additional $100 billion on domestic manufacturing in a bid to avoid punishing levies. The move has the stock about 1% from breaking above its 200-day moving average, a level that it has closed below for 103 straight sessions, the longest such streak since 2016.