Apple is leading a rally after Wall Street’s most influential stock reported a better profit than feared. Stocks of beaten-down banks are also leaping Friday to recover a smidgen of their sharp losses from a brutal week. The S&P 500 was 1.5% higher in afternoon trading, though it’s still on pace for its worst week in nearly two months. The Dow was up 400 points. 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.
