{ }
Symbol AAPL
Name Apple Inc.
Currency USD
Sector Information Technology
IndustryGroup Technology Hardware & Equipment
Industry Electronic Equipment, Instruments & Components
Market NASDAQ Global Select
Country United States
State CA
City Cupertino
Zipcode 95014
Website http://www.apple.com
The Dow Jones Industrial Average closed lower for the ninth consecutive session, marking its longest losing streak since 1978, as investors await the Federal Open Market Committee's interest rate decision. Despite a mixed economic outlook, a rate cut is expected, with a 95.4% probability of a 25 basis point reduction. Apple and Tesla stocks are on the rise, with Apple reclaiming its title as the world's largest company and Tesla experiencing significant gains post-election, driven by optimistic projections for future growth.
Senator Tim Scott, chair of the U.S. Senate Banking Committee, has hailed cryptocurrency as “the next wonder of the world.” Alongside Representative French Hill, he is advocating for bipartisan legislation on digital assets, including the Financial Innovation and Technology for the 21st Century Act (FIT21) and a stablecoin bill, with implementation expected in 2025. Scott plans to establish a digital assets subcommittee to advance these initiatives.
After taking morning profits, investors are looking to buy two stocks in an oversold market. This strategy reflects a shift in market sentiment as traders seek opportunities amid current conditions.
Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
Investors are advised to focus on key moving averages, such as the 50-day and 10-week lines, to gauge stock performance, particularly for high-profile companies like Nvidia, Tesla, and Apple. As Nvidia faces volatility and dips below these benchmarks, understanding market trends and relative strength lines becomes crucial for making informed investment decisions in 2025. Monitoring these indicators can help investors manage risks and protect gains amidst fluctuating market conditions.
The Federal Reserve is expected to announce a 25 basis point rate cut, bringing the total to 100 basis points since September, with a 97% probability of this outcome. However, the Fed may pause further cuts in early 2025 due to stagnant price indices and robust economic growth, as indicated by a 3.3% growth forecast for Q4 and rising producer prices. The Composite PMI has also reached its highest level since March 2022, suggesting persistent inflation in the services sector.
IG
PEPE faces a potential 20% crash as a massive supply of 21 trillion tokens looms, with the coin currently trading at $0.00002345. Despite a minor recovery in the broader meme coin market, PEPE's market cap struggles to reclaim $10 billion amid significant overhead supply and bearish signals. Key support levels are at $0.000020 and $0.000018366, while bullish resistance is expected at $0.000027762.
Shares dipped 0.7% early Tuesday, with Nvidia and Tesla making headlines. Nvidia fell 1.8% in premarket trading after hitting a sell signal, while Tesla surged 2.6% following an upgrade from Mizuho, reaching new highs.The Dow Jones futures dropped 0.5% as retail sales exceeded expectations, and the Federal Reserve's policy meeting began, with a high probability of a rate cut. Notable stocks to watch include BlackRock, IBM, and Manhattan Associates, with IBM nearing a buy point.
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