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Apple Soars to New Heights Amidst Tech Stock Rally and Rate-Cut Speculation

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Source: Bloomberg
Apple Soars to New Heights Amidst Tech Stock Rally and Rate-Cut Speculation
Photo: Bloomberg
TL;DR Summary

Apple Inc. shares reached an all-time high as part of a broader rally in technology stocks, driven by expectations of interest rate cuts by the Federal Reserve due to slowing inflation. The stock closed at $197.96, up 1.7% and surpassing its previous record set in July, bringing its market capitalization to approximately $3.08 trillion.

Topics:business#aapl#apple#businessfinance#federal-reserve#interest-rates#technology-stocks
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  1. Apple (AAPL) Hits All-Time High as Big Tech Stocks Rally on Fed Rate-Cut Bets  Bloomberg
  2. Apple reaches record high close as Fed signals rate cuts  Yahoo Finance
  3. Apple Inc. stock rises Wednesday, outperforms market  MarketWatch

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