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Stocks Shrug Off AAPL Angst; Dollar Up, Bonds Down Into 'Dem Sweep' Midterms
ZeroHedge·- Stronger macroeconomic data and lower physical oil prices helped stock markets offset Apple's disappointing earnings, leading to gains driven by the AI and technology sectors. - Bond yields rose as long-term bonds underperformed due to growing economic growth expectations and heavy corporate supply. - The U.S. dollar strengthened alongside rising equities, which limited early gains in gold while Bitcoin tracked technology stocks ahead of upcoming midterms.