Advertisement
Singapore markets closed
  • Straits Times Index

    3,187.66
    +32.97 (+1.05%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • Dow

    37,753.31
    -45.66 (-0.12%)
     
  • Nasdaq

    15,683.37
    -181.88 (-1.15%)
     
  • Bitcoin USD

    62,675.77
    -7.34 (-0.01%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,866.66
    +18.67 (+0.24%)
     
  • Gold

    2,397.20
    +8.80 (+0.37%)
     
  • Crude Oil

    82.27
    -0.42 (-0.51%)
     
  • 10-Yr Bond

    4.5850
    0.0000 (0.00%)
     
  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     
  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     
  • FTSE Bursa Malaysia

    1,544.76
    +4.34 (+0.28%)
     
  • Jakarta Composite Index

    7,166.81
    +35.97 (+0.50%)
     
  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

Why Apple Stock Gained 11% in January

Why Apple Stock Gained 11% in January

Shares of Apple (NASDAQ: AAPL) were gaining in January, rising in line with the Nasdaq, which jumped on signs that inflation was cooling off and the Federal Reserve would reel in its interest rate hikes. According to data from S&P Global Market Intelligence, Apple finished the month up 11%, mostly tracking with the tech-heavy index. Additionally, the stock had sold off at the end of 2022 on concerns about production challenges due to COVID outbreaks in China.