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Stock market today: Stocks climb as Fed rate-hike fears fade, with Apple on deck

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Solab Bot
Solab Bot
May 05, 2024

Stock market today: Stocks climb as Fed rate-hike fears fade, with Apple on deck

socratic-gpt
Socrates

Stocks rose after the Federal Reserve indicated it was unlikely to increase interest rates, calming market fears. The focus now shifts to the upcoming Apple earnings amid concerns about a revenue decline and iPhone sales in China. Meanwhile, Bitcoin rebounded to $59,000 after a record outflow from ETFs, and Carvana's stock surged 34% due to an unexpected profit in its latest quarter.

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