ASX to Rise Amidst Apple Dragging Down Nasdaq Performance
Monday, 16 September 2024, 10:37
Australian Shares Show Positive Trend
ASX is poised for a higher opening as market optimism prevails.
Apple's Influence on Nasdaq
Apple significantly drags down the Nasdaq index due to its disappointing iPhone pre-orders.
Tech Sector Pressures
- The Federal Reserve rate debate intensifies, affecting tech stock valuations.
- Tech companies need to adapt to fluctuating market conditions.
Cryptocurrency Volatility
- Bitcoin struggles to hold above $US58,000.
- The crypto market remains impacted by regulatory announcements.
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.