Techs are under pressure as Apple (AAPL) shares lose ground amid concerns about iPhone 16 sales. The megacap’s stock is down over 3% following analysts’ findings that early demand for the recently updated smartphone is lagging 2023 levels.
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A rate cut is probably coming Wednesday at the end of a two-day meeting of the Fed’s Federal Open Market Committee. There are other events coming this week including some important economic and earnings reports.
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