Key Takeaways from Apple's Antitrust Lawsuit and Reddit's Successful NYSE Debut

Thursday, 21 March 2024, 21:09
The Department of Justice filed an antitrust suit against tech giant Apple, leading to a drop in its stock price. Meanwhile, Reddit made a strong debut on the New York Stock Exchange, trading above its target price. Concerns about inflation risks connected to Fed officials' assessment of Core Personal Consumption Expenditure have emerged. Strong earnings reports may pose challenges to the market's stability. Expert analysis by Yahoo Finance's Josh Schafer provides deeper insights into Thursday's market movements.
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Key Takeaways from Apple's Antitrust Lawsuit and Reddit's Successful NYSE Debut

Apple's Antitrust Suit and Reddit's Debut

The Department of Justice initiated an antitrust lawsuit against Apple, causing ripples in the market. Reddit, represented by the ticker RDDT, marked its NYSE debut above its target stock price.

Inflation Risks and Market Impact

  • Core PCE Weighed Upward: Fed officials highlighted inflation risks amidst increasing Core Personal Consumption Expenditure.
  • Market Troubles: Strong earnings reports could create challenges for market stability.

Stay updated with expert analysis by Yahoo Finance Reporter Josh Schafer for comprehensive insights on Thursday's market performance.

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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