Apple Inc jumped 6.4%, adding $128 billion to its stock market value, ahead of an event on Tuesday, when it is expected to unveil its newest iPhones.
“Apple is crushing it. There’s some euphoria around the name,” said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New York. “The market leaders are once again the tech names, supported by the fact that the economy continues to expand.” Many investors view Democratic candidate Joe Biden as more likely to raise taxes, and for months have seen a second term for Trump, who favors deregulation, as better for the overall stock market.
Betting odds aggregated by RealClearPolitics suggest bettors see a 67% chance Biden will win and a 33% chance for Trump, the greatest gap so far between the two candidates. Overall, analysts expect third-quarter earnings for S&P 500 companies to fall 21% from a year earlier, smaller than a 31% slump in the second quarter.
Twitter Inc jumped 5.1% after Deutsche Bank upgraded the social media company’s shares to “buy” on expectations of continued growth in 2021.
Got some AIRLINES STOCKS!!!! $JBLU JBLU $SAVE $LUV $DAL $AAL $UAL 🔥🚀 stoolpresidente BankofAmerica WellsFargo PNCBank GoldmanSachs jpmorgan Fidelity Square PayPal Spotify Shopify Amazon Apple Google Microsoft Walmart
OMG biggest bubble ever!!
Literally every day the explanation for the stock market is 'expectations for more stimulus measures' or 'disappointed by the lack of stimulus measures.'
Who are they betting on to win election?
realDonaldTrump Thankyou DJT for taking care of stimulus Bill! 👍👍👍🇺🇸🇺🇸🇺🇸💯💯💯❤️❤️❤️🎉🎉🎉
All of Wall Street belongs in a pit of ants
Or by trump tweets.
It’s just downright silly. The crash next week will be just as silly.