Reported 22 days ago
On Monday, the stock market showed mixed performance with the tech-heavy Nasdaq Composite dropping approximately 0.5%, while the Dow Jones Industrial Average clinched a record high of 41,622.08, buoyed by a 6% surge in Intel shares. Apple faced significant pressure, with its stock falling around 3% due to disappointing early demand for the iPhone 16. All eyes are on the Federal Reserve as it prepares for its first interest rate cut in four years, leading to increased market speculation regarding the size of the cut.
Source: YAHOO