"Global stock markets climbed to record highs on Tuesday as investors bet on falling interest rates and renewed optimism over global growth - with Apple reaching a $4 trillion market valuation for the first time. The FTSE 100 hit an intra-day record of 9,715.22, before easing slightly to trade 0.5% higher at 9,698.4, while all three major U.S. indices - the S&P 500, Nasdaq, and Dow Jones Industrial Average - also opened at all-time highs, rising between 0.3% and 0.7%."
"Apple's shares rose 1% to $269.86, pushing its total market capitalisation just above $4 trillion and cementing its position as the world's most valuable listed company. The rally has been fuelled by strong sales of the company's latest iPhone lineup, combined with investor confidence in its ability to sustain premium margins through its services, wearables and AI-driven ecosystem. Apple's surge comes just days before its quarterly earnings report, due Thursday, which investors expect will confirm steady growth in hardware sales and continued expansion in its subscription services division."
Global stock markets climbed to record highs as investors anticipated falling interest rates and renewed optimism about global growth. The FTSE 100 reached an intra-day record of 9,715.22 before settling slightly lower, while the S&P 500, Nasdaq, and Dow opened at all-time highs. The rally reflected growing confidence that the U.S. Federal Reserve will cut rates after its two-day meeting. Apple’s shares rose 1% to $269.86, lifting its market capitalisation above $4 trillion, driven by strong iPhone sales and confidence in services, wearables and its AI-driven ecosystem ahead of quarterly earnings. Microsoft also saw elevated valuations amid AI and cloud investments.
Read at Business Matters
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