Apple’s stronger-than-expected profits helped Wall Street recover from earlier losses, with the S&P 500 up 0.7% and on track for a weekly gain. Meanwhile, Walgreens Boots Alliance dropped 7.5% after suspending its dividend, and Exxon Mobil’s shares fell 1.8% despite reporting a solid profit. Global markets showed mixed results, with Japan’s Nikkei rising slightly while South Korea’s Kospi declined.
about Apple's Strong Profits Help Wall Street Recover from Early Week LossesExxon Mobil Corporation
0 in Finance and 0 in Crypto last weekApple boosts stock market as Wall Street recovers from weekly losses
Wall Street rebounded as strong earnings from major companies like Apple helped reduce earlier losses, with the S&P 500 up 0.4% and on track for a minimal weekly decline. Apple shares rose 4.2% after exceeding profit expectations, while Walgreens Boots Alliance fell 12% after suspending its dividend. Inflation data showed a rise to 2.6% in December, prompting the Fed to maintain interest rates to combat rising prices.
about Apple boosts stock market as Wall Street recovers from weekly lossesEuropean Markets Decline as Tech Stocks Fall Amid China Competition Concerns
European markets opened lower, with the Stoxx 600 index down 0.69% and tech stocks falling 4% amid concerns over competition from China’s DeepSeek AI model. Ryanair revised its passenger traffic goals due to Boeing delivery delays but reported stronger-than-expected profits for the December quarter. Spot gold rose 1% to $2,781.66 per ounce, nearing its all-time high, driven by political and economic uncertainties.
about European Markets Decline as Tech Stocks Fall Amid China Competition ConcernsStock Futures Dip Ahead of Major Earnings Reports and Fed Meeting
Stock futures dipped ahead of a significant earnings week, with major reports from four of the ‘Magnificent 7’ companies, including Meta, Microsoft, and Tesla. Positive earnings could boost market confidence, while disappointments may impact the broader market, which heavily relies on these tech giants. The Federal Reserve’s January meeting and key inflation data are also on the horizon, as the S&P 500 recently reached new highs, indicating the bull market remains strong.
about Stock Futures Dip Ahead of Major Earnings Reports and Fed MeetingAsian shares mixed as Wall Street reacts to Big Tech declines
Asian shares traded mixed, reflecting Wall Street’s performance, where oil-and-gas gains offset declines in Big Tech stocks like Nvidia and Apple. Japan’s Nikkei 225 fell 1.8% after a holiday, while Hong Kong’s Hang Seng surged 1.5%. The S&P 500 rose 0.2%, but concerns over high interest rates and inflation persist, impacting stock valuations.
about Asian shares mixed as Wall Street reacts to Big Tech declinesGlobal Stocks Decline as Oil Prices Experience Significant Increase
World stocks are following Wall Street’s decline, reflecting a broader market retreat. Meanwhile, oil prices are experiencing a significant surge, indicating shifts in the energy sector that could impact global economic dynamics.
about Global Stocks Decline as Oil Prices Experience Significant IncreasePotential Dogecoin Prices if Market Cap Reaches 500 Billion or 1 Trillion
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about Potential Dogecoin Prices if Market Cap Reaches 500 Billion or 1 Trillion