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    AAPL   US0378331005

APPLE INC.

(AAPL)
  Report
Delayed Nasdaq  -  04:00:01 2023-02-03 pm EST
154.50 USD   +2.44%
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Stocks waver on Wall Street, still on track for weekly gains

11/25/2022 | 11:51am EST

TOKYO — Stocks wavered in uncertain trading on Wall Street Friday, but major indexes are on track to notch weekly gains.

The S&P 500 rose 0.1% as of 11:31 a.m. Eastern. The Dow Jones Industrial Average rose 162 points, or 0.5%, to 34,355 and the Nasdaq fell 0.5%.

More than half of the stocks within the benchmark S&P 500 index gained ground, but losses by some big technology companies weighed down the broader market. High valuations for companies in the technology sector tend to give them more heft in pushing the market higher or lower.

Apple fell 2.2%.

The major indexes are all headed for a weekly gain after a bumpy but short week. Markets were closed on Thursday for the Thanksgiving holiday and they will close at 1 p.m. Eastern Friday.

Markets in Asia and Europe were mixed and crude oil prices were relatively steady.

Long-term bond yields edged higher. The yield on the 10-year Treasury, which influences mortgage rates, rose to 3.72% from 3.69% late Wednesday.

Investors face a relatively quiet day, though concerns about inflation, high interest rates and a potential recession still hover over Wall Street.

The biggest concern for investors has been whether the Federal Reserve can tame the hottest inflation in decades by raising interest rates without going too far and causing a recession. The central bank’s benchmark rate currently stands at 3.75% to 4%, up from close to zero in March. It's warned it may have to ultimately raise rates to previously unanticipated levels to rein in high prices on everything from food to clothing.

Minutes from the Fed's latest policy meeting, released on Wednesday, show that officials agreed that smaller rate hikes would likely be appropriate “soon.” That was welcomed by investors who are worried that continued aggressive rate hikes could slow the already weak economy too much.

Investors also have their eyes on China's lockdowns and restrictions to curb the spread of coronavirus infections, as the direction China takes will impact the rest of Asia and global supply chains.

China has been expanding pandemic lockdowns, including in a city where factory workers making Apple's iPhone clashed with police this week, as its number of COVID-19 cases hit a daily record.

Wall Street gets several big economic updates next week. The Conference Board business group will release its November report on consumer confidence, which could give investors more insight on how consumers are dealing with inflation. The U.S. government also releases its closely watched monthly employment report.

___

Yuri Kageyama contributed to this report.

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2023 389 B - -
Net income 2023 94 065 M - -
Net cash 2023 56 973 M - -
P/E ratio 2023 25,8x
Yield 2023 0,62%
Capitalization 2 444 B 2 444 B -
EV / Sales 2023 6,13x
EV / Sales 2024 5,64x
Nbr of Employees 164 000
Free-Float 99,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 154,50 $
Average target price 168,11 $
Spread / Average Target 8,81%
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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