Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone.
Apple’s stock made a minor downwards correction in the last session, falling 0.2%. According to the CCI, we are in an overbought market.
Support: 251.16 | Resistance: 257.68
China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. The one-year loan prime rate was kept at 3.10%, while the five-year LPR was unchanged at 3.60%.
Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin’s price is currently down over 10% from its all-time high.
The Bitcoin-Dollar pair plummeted 1.3% in the last session. According to the Stochastic-RSI, we are in an oversold market.
Support: 92812 | Resistance: 99463
China’s Nio said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. Nio unveiled the Firefly brand on Saturday and touted it as a rival product to Mercedes’ Smart and BMW’s Mini.
NIO shares gained 1.3% in the last session. The MACD is giving a negative signal.
Support: 4.2465 | Resistance: 4.8166
MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index, beginning one of the ultimate vampire attacks on the stock market.
European shares were on course to post their worst week in three months on Friday, as U.S. President-elect Donald Trump’s comments about potential tariffs on the European Union further spooked investors already worried about the rate outlook.
