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    AAPL   US0378331005

APPLE INC.

(AAPL)
  Report
Real-time Estimate Cboe BZX  -  08:00:00 2023-02-01 pm EST
148.88 USD   +2.37%
06:01aMarketmind: Fed fillip, double trouble, triple A
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06:00aMeta surges on cost cut, buyback plans; lifts mega-cap stocks
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05:41aNasdaq futures jump more than 1% on Meta surge, Fed relief
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nasdaq falls while the dollar, bond yields gain

11/25/2022 | 11:37am EST

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Dow, S&P gain, Nasdaq falls

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Dollar gains but heads for weekly losses

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STOXX showing weekly gains

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Oil stable, gold slightly down

NEW YORK/LONDON, Nov 25 (Reuters) - The Nasdaq was lower on Friday with pressure from Apple Inc while the dollar gained and U.S. Treasury yields rose as investors shied away from riskier bets.

The mood was jittery as the gift-buying season kicked off on a scheduled half-day for U.S. markets after the Thanksgiving holiday, with investors watching out for signs of weakness in consumer spending with inflation still soaring.

While shoppers often turn out in record numbers with hopes of Black Friday discounts, so far, crowds were thin outside stores on what is historically the busiest shopping day.

"It's a very competitive environment for retail, both price cutting and who's best positioned for inventory will play a big part in how you do over the season," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.

"Margins will be squeezed and profits will be lower ... bigger question will be company forecasts for next year and whether investors think this is a reciprocal bottom or start of a new trend and reduced spending."

Adding to inflation concerns, market heavyweight Apple's shares were weighed down by concerns about Foxconn. The manufacturer's flagship iPhone plant in China was expected to show a November shipment slowdown as thousands of employees left in the latest bout of worker unrest, Reuters reported, citing an unnamed a source with direct knowledge of the matter.

The Dow Jones Industrial Average rose 162.09 points, or 0.47%, to 34,356.15, the S&P 500 gained 3.96 points, or 0.10%, to 4,031.22 and the Nasdaq Composite dropped 38.45 points, or 0.34%, to 11,246.87.

MSCI's gauge of stocks across the globe shed 0.10%.

Europe's STOXX 600 was down 0.23% on Friday but heading for a 1.5% weekly gain, which would be its sixth weekly percentage gain in succession, and the first such streak since late 2021.

The U.S. dollar crept higher across the board in what looked like a quiet session but it remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the U.S. currency.

"Today has all the indicators of another session dominated by USD consolidation in lieu of any major cross-asset drivers," said Simon Harvey, senior FX analyst at Monex Europe adding that "liquidity is quite limited."

The dollar index rose 0.189%, with the euro down 0.09% to $1.0399.

The Japanese yen weakened 0.46% versus the greenback at 139.25 per dollar, while sterling was last trading at $1.2085, down 0.21% on the day.

The U.S. Federal Reserve has raised interest rates aggressively throughout this year, but a "substantial majority" of Fed policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate rises, minutes of their latest meeting showed on Wednesday.

This added to optimism from earlier this month when data U.S. October inflation was cooler than expected.

U.S. Treasury yields inched higher on Friday, offseting some of Wednesday's declines when the Fed's November meeting minutes were released.

Benchmark 10-year notes were up 2.4 basis points to 3.733%, from 3.709% late on Wednesday.

The 30-year bond was last up 3.2 basis points to yield 3.7741%, from 3.742%.

CHINA'S COVID-19 CONCERNS

Earlier Asian shares had struggled after China reported another record rise in daily COVID infections, with cities nationwide imposing localised lockdowns, mass testing and other curbs, dashing recent hopes it would end zero-COVID policies.

Hong Kong's Hang Seng had closed down 0.5%, led by a 2.3% tumble for technology, though Chinese onshore bluechips rose 0.5%, buoyed by more government measures to support the slumping real estate market.

Oil prices were stable on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.

U.S. crude rose 0.4% to $78.25 per barrel and Brent was at $85.42, up 0.09% on the day.

Gold prices retreated after the precious metal posted gains in the previous three sessions on expectations the U.S. Federal Reserve would scale back its rate-hiking stance.

Spot gold dropped 0.3% to $1,749.68 an ounce. U.S. gold futures gained 0.25% to $1,749.20 an ounce.

(Reporting by Sinéad Carew and Saqib Iqbal Ahmed in New York, Ankika Biswas and Shubham Batra in Bengaluru, Alun John in London, and Kevin Buckland in Tokyo; Editing by Christina Fincher, Kirsten Donovan and Deepa Babington)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.79% 145.43 Delayed Quote.11.93%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.10% 0.64791 Delayed Quote.1.97%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.40% 0.71191 Delayed Quote.3.48%
BRENT OIL -0.46% 82.68 Delayed Quote.-0.55%
BRITISH POUND / EURO (GBP/EUR) -0.34% 1.12092 Delayed Quote.0.32%
BRITISH POUND / US DOLLAR (GBP/USD) -0.61% 1.23145 Delayed Quote.1.76%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.09% 0.684777 Delayed Quote.0.33%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.14% 0.75219 Delayed Quote.1.80%
CHERRY SE -1.18% 6.72 Delayed Quote.-10.29%
DOW JONES FXCM DOLLAR INDEX 0.08% 12649.46 Real-time Quote.-1.06%
DOW JONES INDUSTRIAL 0.02% 34092.96 Real-time Quote.2.83%
EURO / US DOLLAR (EUR/USD) -0.24% 1.09855 Delayed Quote.1.48%
GOLD -0.03% 1952.67 Delayed Quote.5.69%
HON HAI PRECISION INDUSTRY CO., LTD. 0.30% 100 End-of-day quote.0.10%
INDIAN RUPEE / EURO (INR/EUR) -0.52% 0.011079 Delayed Quote.-0.36%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.55% 0.012171 Delayed Quote.1.10%
NASDAQ COMPOSITE 2.00% 11816.32 Real-time Quote.12.90%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.12% 0.65077 Delayed Quote.1.40%
STOXX EUROPE 600 (EUR) 0.68% 456.17 Delayed Quote.6.64%
STOXX EUROPE 600(EUR)(TR) 0.68% 1054.72 Delayed Quote.6.71%
US DOLLAR / EURO (USD/EUR) 0.25% 0.910307 Delayed Quote.-1.46%
WTI -0.27% 76.563 Delayed Quote.-1.72%
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More news
Analyst Recommendations on APPLE INC.
More recommendations
Financials (USD)
Sales 2023 403 B - -
Net income 2023 96 169 M - -
Net cash 2023 56 936 M - -
P/E ratio 2023 23,7x
Yield 2023 0,67%
Capitalization 2 303 B 2 303 B -
EV / Sales 2023 5,58x
EV / Sales 2024 5,25x
Nbr of Employees 164 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 145,43 $
Average target price 168,09 $
Spread / Average Target 15,6%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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SHENZHEN TRANSSION HOLDINGS CO., LTD.8.90%10 327
DZS INC.1.66%397
RTX A/S19.69%174