ASX to Rise, Apple Drags Nasdaq Down Amid Tech Sector Challenges

Monday, 16 September 2024, 10:37

ASX to rise as Australian shares are poised for a positive opening, while Apple drags Nasdaq down amid concerns over tech sector performance. The ongoing Fed rate debate intensifies, affecting market sentiment. Meanwhile, Bitcoin struggles to maintain its position above $US58,000.
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ASX to Rise, Apple Drags Nasdaq Down Amid Tech Sector Challenges

ASX Outlook: Positive Start for Australian Shares

Australian shares are set to open higher today, showing resilience in the face of pressures from global tech stocks. The Aussie market remains buoyed by optimism in sectors outside tech.

Tech Sector Performance: Apple's Influence on Nasdaq

However, Apple's recent stock performance continues to drag the Nasdaq down, highlighting the fragility of the tech sector. Investors are closely watching the developments as pre-orders for the latest iPhone show signs of a slow start.

Market Sentiment: Fed Rate Debate and Its Impact

The ongoing debate surrounding Fed interest rates is causing ripples across financial markets, creating uncertainty that may influence trading and investment strategies moving forward.

Cryptocurrency Movements: Bitcoin's Struggles

As financial markets fluctuate, Bitcoin has failed to hold above $US58,000, raising questions about investor confidence and the future trajectory of cryptocurrencies.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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