CNBC Daily Open: Apple drops on a sunny day
Publishing timestamp: 2023-11-03 03:30:01
Summary
U.S. stocks had a broad rally, with all S&P 500 sectors ending in positive territory. Bond yields declined, benefiting stocks. Sam Bankman-Fried, founder of FTX, was found guilty on multiple criminal charges. Apple's shares slipped after reporting earnings, despite beating expectations. Elon Musk predicts that artificial intelligence could eventually replace all jobs. The article discusses the positive impact of falling bond yields on stocks, but also highlights the negative impact of Apple's performance and the upcoming October jobs report.
Sentiment: MIXED
Tickers: .IXIC, .DJI, .SPX, AAPL,
Keywords: technology, business news, apple inc, markets, nasdaq composite, s&p 500 index, united states, economic events, jobs, prices, world markets, sam bankman-fried, earnings, u.s. treasury bonds, dow jones industrial average,
Source: https://www.cnbc.com/2023/11/03/stock-markets-apple-drops-on-a-sunny-day.html