Wall Street surged on Thursday and was on track to end higher for a fifth straight session, led by Apple and other technology stocks as investors shrugged off recent inflation worries that threw the market into a sell-off at the start of the month.

Apple Inc jumped 3.2 percent and contributed more than any other stock to gains on the S&P 500 after Warren Buffett’s Berkshire Hathaway made the iPhone maker its top investment.

A Labor Department report showed U.S. producer prices rose in line with expectations in January, likely calming fears that inflation was picking up faster than expected.

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