Apple
from24/7 Wall St.
5 days agoApple Crushed by Other Tech Stocks
Apple underperformed most mega-tech peers this year despite strong iPhone 17 sales and services growth, largely because it currently lacks a competitive AI product.
The S&P 500 is currently caught between expectations of monetary easing by the Federal Reserve (Fed) and risks stemming from slowing growth. This has led to more cautious trading until clearer signals emerge. In yesterday's session, the standout was Google (Alphabet), whose stock surged 9.14% after a U.S. court issued a favourable ruling, sparing the company from being forced to break up key business segments.