Category: Markets

HardwareMarketsTechnology

Apple iPhone 17 Sales Momentum Fuels Tech Stock Rally, Credit Concerns Linger

U.S. stocks surged Monday as Apple reached new heights following strong iPhone 17 sales data. Meanwhile, banking executives warn of potential credit contagion from recent auto lender bankruptcies, echoing concerns from previous financial crises.

Tech Stocks Rally on Apple iPhone 17 Performance

U.S. stock markets experienced broad gains Monday as technology shares, led by Apple, drove major indices higher. According to market analysis, Apple surged to a new record high after research firm Counterpoint Research concluded that iPhone 17 sales were significantly outperforming early iPhone 16 sales figures.

by Priya Kapoor
EconomyMarkets

European Markets Face Negative Open Amid Volatile Trading Week

European markets are reportedly heading for a negative open on Thursday as volatility continues. According to analysis, Germany’s DAX and France’s CAC 40 are expected to open lower while investors monitor earnings and economic data.

European Markets Extend Volatile Pattern

European stocks are reportedly heading for a negative opening on Thursday as regional markets continue their choppy trading pattern this week, according to market analysis from IG. Sources indicate the U.K.’s FTSE index is expected to open 0.18% lower, while Germany’s DAX is projected to decline 0.3% and France’s CAC 40 is anticipated to drop 0.41%. Italy’s FTSE MIB is reportedly trading just below the flatline.

by Priya Kapoor
EconomyMarkets

Global Markets Rally on Fed Rate Cut Expectations Amid Trade Tensions

Global markets staged a recovery on Wednesday as Federal Reserve Chair Jerome Powell signaled potential rate cuts and the conclusion of quantitative tightening. The rebound comes despite ongoing U.S.-China trade tensions that continue to weigh on investor sentiment.

Market Recovery Fueled by Fed Policy Outlook

Global stocks reportedly rebounded on Wednesday as dovish comments from Federal Reserve Chair Jerome Powell and strong bank earnings lifted investor sentiment, according to Reuters reports. The market recovery followed earlier declines driven by escalating trade tensions between the United States and China.

by Priya Kapoor