Nasdaq Hits New High but Reverses Course as Apple Faces DOJ Antitrust Suit

Thursday, 21 March 2024, 18:07
In today's market update, the Nasdaq Composite reached a new all-time high before retreating due to a sharp decline in Apple shares, down by 4.2% on an anti-trust lawsuit. As a key indicator, bitcoin also experienced a downturn, signaling changing market sentiment. Investors are now eagerly awaiting the upcoming US PCE report for potential market-moving trends with expectations for a 0.3% monthly rise.
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Nasdaq Hits New High but Reverses Course as Apple Faces DOJ Antitrust Suit

Nasdaq Composite News

The Nasdaq Composite index rose to an all-time high of 16,538 before pulling back to 16,431, marking a 0.4% increase. However, the market mood was dampened by a significant drop in Apple shares, falling by 4.2% following a DOJ anti-trust lawsuit.

Bitcoin Indicator

Bitcoin's decline of 2.2% throughout the day has been closely watched, as it often signals shifts in market sentiment. Its current downward trend suggests cautious investor behavior amidst uncertainties.

Anticipated Market Impact: Tomorrow's US PCE report release is expected to be a key driver of market movement, with analysts forecasting a 0.3% monthly rise.

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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