World Market News of the 22 March with FXOpen #aaplstock #fedrate #nasdaq #dowjones
AAPL Share Price Falls More Than 4% after Antitrust Lawsuit
Yesterday, the Department of Justice filed an antitrust lawsuit against Apple, alleging that the company has established a monopoly with the iPhone, which has harmed consumers, developers and competitors.
The result of news of the lawsuit was a sharp decline in Apple’s share price by more than 4%. This is a serious blow to stocks that are already underperforming the broader market. As confirmation, we note that yesterday the ratio of the S&P 500 index to the AAPL share price set a maximum since November 2021.
Analysts fear a decline in sales of Apple products. If the negativity in the market increases, the bears may attempt to break through the support level of $168 per share.
Source: FXOpen
Top US Asset Manager Vanguard Doesn’t Believe the Fed Will Cut Interest Rates This Year
Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central
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