Stock Market Today: Apple Dips, Dow Opens Higher — Live Updates
- Investing Startups
Peter Lynch- 0
- 2 minutes read
Tech stocks are climbing, with Amazon leading the gains. One big exception is Apple, with the iPhone maker selling off after its latest forecasts disappointed investors.
Friday’s rally is being fueled by relief after the firm, Situational Awareness, sold the bulk of its holdings, investors said. The sale removes the prospect of forced selling by the firm, giving investors more confidence to wade back into AI-related stocks, they said.
The Nasdaq rose more than 1%, with Amazon climbing over 13% after it reported accelerating cloud-computing sales. That pales in comparison to the 18% jump for South Korea’s Kospi, which had plunged in recent weeks after rapid gains earlier this year fueled by a frenzy in AI-related stocks.
investment News
risk-compliance
