Hello, N2K’ers!

This week’s world-famous News Haiku™ competition is about the jobs numbers. Send me a haiku on the subject by noon today and we’ll let you, our readers, choose between the top three on Friday.

Now let’s talk about the news you Need2Know?

—Matt Davis, Need2Know Chedditor

News You Need2Know

What’s the stock market up to, eh?

$SPX ( ▲ 0.73% )   $DJI ( ▲ 0.18% )   $NDX ( ▲ 1.21% )

Companies mentioned in today’s newsletter*

$AAPL ( ▲ 5.09% )   $SHOP ( ▲ 21.97% )   $MCD ( ▲ 2.98% )   $ANET ( ▲ 17.49% )   $SMCI ( ▼ 18.29% )   $DIS ( ▼ 2.66% )  

Apple rally leads Wall Street higher

Wall Street climbed nicely yesterday, with Apple $AAPL ( ▲ 5.09% ) taking center stage. The S&P 500 climbed 0.7%, and Apple’s stock alone contributed nearly half of the S&P 500’s gains, rising 5.7%. The stock’s rally was fueled by the company’s announcement of a $100 billion increase in U.S. investments over the next four years.

“The market seems to believe that we’re in a pay-to-play world where companies can buy their way into tariff exemptions by making commitments to invest in the U.S., even if those investments fall far short of actually re-shoring manufacturing,” investment analyst Craig Moffett told the Wall Street Journal.

The market’s performance wasn’t solely driven by Apple. Shopify $SHOP ( ▲ 21.97% ) saw staggering growth, with its stock jumping 19.7% after it reported stronger-than-expected revenue. McDonald’s rose 3.4% $MCD ( ▲ 2.98% ) , credited partly to its “Minecraft” movie meal promotion, which became a bit of an ahem, goldmine, for the company. Meanwhile, Arista Networks $ANET ( ▲ 17.49% ) leaped 18% after delivering impressive profits and forecasts. On the flip side, Super Micro Computer $SMCI ( ▼ 18.29% ) tumbled 19.3% following earnings that fell short of expectations. Similarly, Disney dipped 2.4% $DIS ( ▼ 2.66% ) cespite exceeding profit forecasts, as its revenue underwhelmed analysts. More on the company below