{ }
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 Nasdaq Composite reached a record high, climbing 1.2% as major tech stocks like Tesla, Google, Amazon, and Apple hit fresh peaks. Meanwhile, the S&P 500 rose nearly 0.4%, while the Dow Jones fell 0.2%. Investors are focused on the Federal Reserve's upcoming interest rate decision amid rising inflation concerns.
The Ethereum community faces cultural tensions following Max Resnick's departure, which highlighted issues of governance and dissent. Critics argue that maximalism is stifling constructive debate, as dissenting voices are often marginalized. To ensure progress, Ethereum must balance its decentralized ethos with inclusivity and open dialogue.
Market breadth is under scrutiny as mega-cap tech stocks show signs of recovery, but their momentum is uncertain. NYSE strategist Michael Reinking emphasizes the need for broader market participation, particularly in financials and industrials, while highlighting the importance of companies meeting earnings expectations to narrow the gap with the Magnificent 7. Concerns about inflation and potential rate cuts in 2025 add to the cautious outlook.
Chrystia Freeland has resigned as Canada’s finance minister, citing policy disagreements with Prime Minister Justin Trudeau, particularly regarding potential tariffs from U.S. President-elect Donald Trump. Freeland, who has served as deputy prime minister since 2019, will take on another cabinet role. She emphasized the need to address the tariff threat seriously, avoiding political gimmicks that could undermine public confidence.
US stocks rose on Monday as investors anticipate a 25 basis points interest rate cut at the Federal Reserve's final meeting of the year. Key economic data this week includes US retail sales and November PCE, which will influence future rate decisions. Fundstrat's Tom Lee expects stocks to trend higher into year-end, supported by seasonal dynamics and institutional positioning.
The BRICS alliance is set to expand in 2025, with growing interest from African nations eager to join. This expansion could enhance bilateral trade and local currency settlements, appealing to developing countries seeking alternatives to the US dollar. Additionally, discussions around cryptocurrency adoption are intensifying, with proposals for an electronic payment infrastructure that may position Bitcoin as a viable alternative to the dollar, potentially reshaping global economic dynamics.
Stock futures are set to rise as investors brace for the Federal Reserve's upcoming interest rate decision, with the Dow Jones and S&P 500 up 0.2% and 0.3%, respectively. Bitcoin reached a record high of around $104,000, buoyed by optimism surrounding the new administration. Major tech stocks showed gains, while Super Micro Computer faced a 12% drop ahead of its removal from the Nasdaq 100.
Donald Trump is reportedly planning to utilize a $200 billion US Treasury fund to bolster Bitcoin reserves. This strategy could position the United States as a leader in Bitcoin holdings, reflecting the growing global interest in cryptocurrency.
US futures are up while the SMI is in the red, with a focus on crypto shares and AI stocks. The Fed's anticipated 25 basis point rate cut on Wednesday is unlikely to significantly impact the markets, which showed mixed results on Friday. Key economic data, including the producer and import price index for November, will be released this week, alongside international PMI figures.
Chainlink (LINK) has surged 19.80% in the past week, significantly outperforming the broader crypto market. With a current price of around $29 and a market cap of $18.5 billion, its growth is driven by increased adoption, strategic partnerships, and technological innovations. Whale activity indicates strong institutional interest, while technical analysis suggests potential resistance between $26.50 and $27.30, with forecasts pointing towards a possible rise to $35 by year-end.
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