Big Tech Leads Stock Market Rally with Apple’s Best Day Since May 2023
Big Tech Send Stock Market High, Apple Beaming! 🚀
Da stock market wen’ shoot up on Tuesday wit Big Tech leadin’ da charge, and Apple make one grand slam, betta den dey did since May 2023.
Da S&P 500 wen’ pop 0.9%, while da Nasdaq Composite wen’ go even higha, rocketin’ ova 1.3%. Da Dow Jones Industrial Average went up ’bout 0.5%. An’ da S&P 500 stay gettin’ close to its all-time high close of 4,796.56.
Big Tech stocks wen’ take da lead, pushin’ da market up afta TSMC wen’ talk bullish ’bout how much money dey gonna make wit dey AI stuff, which make chips fo’ Apple an’ Nvidia. Even dough TSMC’s profit went down, dey still wen’ beat Wall Street guesses. Stocks from AMD an’ odda chipmakers went up too since TSMC wen’ jump mo’ den 9%.
On da odda hand, wen’ Bank of America wen’ upgrade Apple’s stock to Buy from Neutral, da Apple stock went up mo’ den 3%. Dey tink dis Vision Pro headset from Apple goin’ make mo’ money fo’ ’em.
Da chance of dem cuttin’ da interest rate in March, accordin’ to traders, wen’ drop mo’ den 10 percentage points from last week, da CME FedWatch Tool say.
Stocks stay pau, but Big Tech stay on top! 📈🍎
NOW IN ENGLISH
Big Tech Leads Stock Market Rally with Apple’s Best Day Since May 2023
Big Tech Sends Stock Market High, Apple Shining!
The stock market surged on Tuesday with Big Tech leading the charge, and Apple making a significant leap, better than they have since May 2023.
The S&P 500 popped 0.9%, while the Nasdaq Composite went even higher, rocketing over 1.3%. The Dow Jones Industrial Average rose about 0.5%. And the S&P 500 is getting close to its all-time high close of 4,796.56.
Big Tech stocks took the lead, pushing the market up after TSMC talked bullish about how much money they’re going to make with their AI technology, which makes chips for Apple and Nvidia. Even though TSMC’s profit decreased, they still beat Wall Street estimates. Stocks from AMD and other chipmakers also rose since TSMC jumped more than 9%.
On the other hand, when Bank of America upgraded Apple’s stock to Buy from Neutral, Apple’s stock rose more than 3%. They believe this Vision Pro headset from Apple is going to make more money for them.
The likelihood of them cutting the interest rate in March, according to traders, dropped more than 10 percentage points from last week, the CME FedWatch Tool says.
Stocks remain steady, but Big Tech remains on top!
