US Stocks Eye Strong 2023 Gains as Apple Watch Ban Paused, Dollar Slumps, Xiaomi Unveils EV amid Oil Price Dip
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U.S. stock futures are mixed as the market heads toward strong annual gains. The Dow, S&P 500, and Nasdaq are all poised for double-digit returns in 2023.
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A U.S. appeals court has paused an import ban on Apple smartwatches in a patent dispute with Masimo. This allows Apple to continue selling Apple Watches for now.
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The U.S. dollar has hit a fresh 5-month low against a basket of currencies, on pace for an annual 2023 loss. The dollar has snapped two years of gains.
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Xiaomi has unveiled its first electric vehicle, the SU7, as the smartphone maker seeks to diversify into the crowded Chinese auto market.
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Oil prices are drifting lower amid ongoing Middle East tensions and signs of growing U.S. crude stockpiles per American Petroleum Institute data.