Stock market today: Apple pulls down Nasdaq, while Dow hits record close with Fed rate cut on the horizon
Apple (AAPL): Shares of the tech giant slid more than 2% in morning trading Monday following a burst of analyst reports that suggested early demand for Cupertino's latest smartphone, iPhone 16, is lagging behind the release of last year's model around the same time period.
Stock Market Today: Dow falls over 100 points as stocks end volatile session lower after Fed's half-point rate cut
U.S. stocks rose after the Federal Reserve lowered its benchmark interest rates by 50 basis points to a range of 4.75% to 5%. That was the first rate cut in over four years that marked the beginning of a monetary-easing cycle in the world's largest economy.
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