From QuiverQuant:

The U.S. stock market started 2024 with Wall Street’s major indexes facing early pressure due to a mix of factors. The yield on 10-year U.S. Treasury notes surged past 4.0000%, leading to a downfall in equities. Apple faced a significant 3.3% drop after being downgraded by Barclays due to projected weaker iPhone demand. The Dow Jones, S&P 500, and Nasdaq dipped. Healthcare stocks rose while information technology stocks dropped. It was predicted that Bitcoin’s surge could bolster market anticipation, currently with a near 70% chance of a rate cut in March. The Fed’s meeting minutes and key economic data will be under scrutiny.

BTC: https://www.quiverquant.com/../stock/AAPL



Read more: Tech Stocks Drag Down Wall Street in 2024 Opener Amid Rate Hike Concerns”