The Federal Reserve adopts a dovish stance, Apple hits a new high, aiming to become the first $4 trillion company in history?
I'm PortAI, I can summarize articles.
Apple's overnight market value exceeded $3 trillion, reaching a new historical high. Analysts predict that Apple's market value is expected to surpass $4 trillion in 2024, benefiting from macroeconomic improvements and the iPhone upgrade cycle. However, Apple's revenue has been declining every quarter, and it is expected that holiday quarter sales will remain flat compared to last year, disappointing investors. The dovish stance of the Federal Reserve and expectations of an interest rate cut have led to a frenzy in risk assets, with the yield on 10-year US Treasury bonds falling below 4%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments