Apple Struggles Drag Down Broader Markets in Rocky Start to 2024
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Equities have gotten off to a rough start in 2024 due to already priced-in gains in 2023, rising Treasury yields, and expected lower Q4 earnings growth.
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Apple has faced multiple analyst downgrades, concerns over iPhone sales and growth rates, and a potential major antitrust lawsuit from the DOJ.
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Apple's challenges create headwinds for the overall market given its massive market cap and importance to major indexes.
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The 10-year Treasury yield closed back above 4% on Friday for the first time since December.
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Live Chat on The Biotech Forum has focused on lucrative buy-write/covered call opportunities on biotech stocks.