» Dow Jones Futures: Meta, Apple, Tesla Lead New Buys In Big Rally. Pay Attention To This Key Shift.
The Dow Jones and S&P 500 hit new highs and the Nasdaq topped key levels as growth led the day 2 reaction to Fed rate cuts.
(Bloomberg) -- Apple Inc. is facing an unprecedented challenge: persuading customers to buy its latest iPhones without their biggest new feature.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughThe Moonshot Plan to Eliminate Deaths on America’s RoadsNew York City’s Transit System Plans $65.4 Billion of Upgrades for Grand Central, SubwaysTo Build a Happier City, Design for DensityOn Friday, Apple is launch
The Dow Jones and S&P 500 hit new highs and the Nasdaq topped key levels as growth led the day 2 reaction to Fed rate cuts.
Apple stock jumped along with other tech shares Thursday, as markets cheered the Federal Reserve’s big interest-rate cut. The Fed’s half-percentage-point rate cut, implemented Wednesday, comes at a crucial time for tech companies. Shares of Apple were up 3.9% Thursday to $229.40 as other tech stocks also climbed.
Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday. The free update was made available Thursday to an audience that has signed up to test Apple's software before it's released to all iPhone owners next month. As of Thursday, only two premium iPhones that came out last year contain the souped-up processor required to power the AI features included in the update, but that will change Friday when four new iPhone 16 models reach store shelves.
A Relative Strength Rating upgrade for Apple shows improving technical performance. Will it continue?
T-Mobile CEO Mike Sievert lays out his long-term vision for the telecom giant.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Meta Platforms Inc (META), where a total of 391,481 contracts have traded so far, representing approximately 39.1 million underlying shares. That amounts to about 368.2% of META's average daily trading volume over the past month of 10.6 million shares..
The European Union’s executive arm has started a process to provide Apple with guidance on complying with rules to ensure its operating systems are functional with other technologies.
Apple Inc’s (NASDAQ:AAPL) iPhone and iPad operating systems have drawn European regulatory attention. On Thursday, the European ...
European Equities Close Sharply Higher on Thursday; Bank of England Holds Rates
Investors responded favorably to lower rates.
Tech stocks rallied after the Federal Reserve cut rates 50 basis points, with some of the Magnificent Seven names like Tesla (TSLA) and Nvidia (NVDA) leading the charge. Citi head of US equity strategy Scott Chronert joins Seana Smith and Madison Mills on Catalysts to discuss how to play the tech sector. “It's a buy the news, sell the news reaction to the Fed,” Chronert says. “The leadership this quarter has really been those areas of the market that are perceived beneficiaries of lower rates. So real estate, utilities, even the homebuilder ETFs have been hitting recent highs. In the meantime, tech is still lagging where it was last time the index was through 5,600." “Essentially what you have here… is that a bit of a profit taking on the news in those areas that have been perceived as rate sensitive. And, at the same time, a catch-up move in that mega-cap growth cohort that ultimately does benefit from lower interest rates, but has been a relative laggard thus far this quarter. All told, what you've got is an index moving higher.” Taking a look at the Magnificent 7, Chronert outlines Citi’s view on the group: “We've been arguing for the better part of this year that they're becoming more idiosyncratic in their behavior.” He explains that Nvidia, Apple (AAPL), and Microsoft (MSFT) — who control over 6% of the index — "those companies are going to be important to index price action and I think you're seeing that today. But, what we're focused on from this barbell angle is we want to be holders of those, but when you look at the rate of increase in this and forward-year earnings expectations, it's been a stair-step function for over a year now. It's beginning to decelerate.” For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Naomi Buchanan.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the third quarter of 2024 showed their returns diverging and the whole group came under selling in recent weeks before rebounding.
Meta stock is climbing back toward record highs from early July. The Facebook parent's Connect event could include AI updates.
EU regulators warned Apple (AAPL) to open up its iPhone operating system — iOS — to rivals or face antitrust fines. Chinese e-commerce giant Alibaba (BABA) is launching over 100 AI models and tools to better compete in the generative AI landscape. In a new partnership, PayPal (PYPL) is offering Amazon Prime (AMZN) customers the chance to use the online payment platform when buying from third-party merchants on Amazon. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
(Bloomberg) -- The rise of artificial intelligence has reordered the American stock market, pushing the likes of Nvidia Corp. and other chipmakers into the upper echelons. There’s one storied corner, though, where the changes wrought by AI haven’t shown up: the Dow Jones Industrial Average.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughThe Moonshot Plan to Eliminate Deaths on America’s RoadsNew York Cit
Bulls are stampeding across Wall Street on Thursday in the wake of the Federal Reserve’s decision to cut interest rates for the ...
An Apple Inc (NASDAQ:AAPL) analyst says the company could turn to advertising revenue and other areas of growth as concerns mount over ...
Huawei is preparing to release its new ‘trifold’ smartphone on Friday — the same day as Apple’s (AAPL) latest iPhone comes out — but it’s already being listed in China for up to three times its price.
Wednesday, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) promoted Rose Castanares, executive vice president of the Arizona unit, as ...
Apple stock rose after the chief executive of wireless carrier T-Mobile US offered positive comments about early demand for iPhone 16 handsets.
One industry dominated the list in 2009, but times have changed.
The European Union's enforcement arm said Thursday it's initiating a pair of "specification proceedings" into whether Apple is complying with its "interoperability obligations" under the Digital Markets Act.
The European Union said Thursday it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc's tough new digital rulebook, which threatens hefty fines for breaches. The EU's executive branch, the European Commission, said it has opened two “specification proceedings” that will spell out what Apple needs to do under the 27-nation bloc's Digital Markets Act. It requires tech companies to make their systems operate with rivals, allowing consumers to switch more easily between platforms.
Futures jumped in a day 2 stock market reaction to Wednesday's big Fed rate cut. Here's what to do.
Dow Jones futures jumped 500 points Thursday after the big Fed rate cut Wednesday. Nvidia and Tesla rallied to key levels.
Apple, Inc. (NASDAQ:AAPL) shares came under pressure following commentary about demand immediately after pre-orders began but a bullish ...
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Ahead of the official release of Apple Inc.'s (NASDAQ:AAPL) iPhone 16, T-Mobile US Inc. (NASDAQ:TMUS) CEO Mike Sievert has shared ...
A well-known Apple Inc (NASDAQ:AAPL) analyst and iPhone sales forecaster is predicting weak demand of the iPhone 16 with a new hint that ...
Apple Inc. (NASDAQ:AAPL) shares are moving higher Wednesday. Here’s what you need to know. What To Know: In significant ...
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock lost 4% in the last 30 days. Last month saw volatility as Nvidia Corp ...
The stock market closed lower after the S&P 500 initially jumped to a record high on a big Fed rate cut. Here's what to do.
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In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.1%. Year to date, Apple registers a 13.8% gain.
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is manufacturing Apple Inc’s (NASDAQ:AAPL) A16 SoC at Phase 1 of the Taiwanese ...
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Stock Market Today: The Dow Jones rose ahead of the Fed's interest rate decision and Powell's comments. Nvidia stock is below a key level.
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Whether the Federal Reserve will implement a 25-basis-point reduction or a 50-basis-point cut, is top of mind ahead of Wednesday’s ...
Apple stock has been struggling to get past its 50-day moving average. Shares fell further after the launch of iPhone 16.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P 500 ETF Trust, where 13,350,000 units were destroyed, or a 1.3% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple is trading flat, and Microsoft is up by about 1.7%.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Portfolio S&P 500 ETF, which added 13,450,000 units, or a 2.0% increase week over week. Among the largest underlying components of SPLG, in morning trading today Apple is trading flat, and Microsoft is up by about 1.7%.
Symbols mentioned in this story: SPHQ, V, AAPL, MSFT Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
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The AI chipmaker has room to run, but investors should temper their expectations.
This ETF is comfortably beating the return of the S&P 500 thanks to its holdings in the world's largest AI stocks.
Initiating a 'cutting cycle' - comes after well-known anticipation of the Fed's upcoming decisions, which generally have been made. So that's why the idea of a short-term fling and selling squall 'after the news.