Stocks Up on Rate Cut Hopes But Apple Drags on Antitrust Lawsuit
• Stocks started strong but trimmed gains Thursday; still euphoric from Fed signaling future rate cuts • Financial stocks rallied, with Goldman Sachs jumping over 4% to a new high • Major indexes celebrated 4-year anniversary of pandemic bottom; Dow up 113% since then • Apple stock tumbled 4% on antitrust lawsuit from Justice Dept and 16 states • Micron crushed earnings estimates and surged 17%, lifting chip related stocks