Finance & Investing

Apple seeks Supply Boost | July 14 | Eagle Nest

Wednesday, July 14, Market Recap

Good Evening,

Today, July 14…

The DJIA rose 0.13%

The S&P 500 was up 0.12%

The Nasdaq Composite fell 0.22%

Banking led the market today.

General Market Review

Banking

Citigroup fell 0.44% after topping revenue expectations, but the company declined 12% YoY. Bank of America was down 2.75% after it slightly missed expectations. Net interest income fell by 6% due to low interest rates.

Tech

Apple added 2.41% due to reports of asking suppliers to boost production of the next-generation iPhones by 20%. JPMorgan raised Apple’s price target to $175.

Energy

Oil prices fell as OPEC+ still had not come to an agreement on an oil supply deal. US crude inventories fell by 7.9 million barrels last week. Exxonmobil stock fell 2.22% today.

Source of Article:
Click Here for More of these Posts

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *