Wall Street indices decline slightly under pressure from falling BigTech stock prices; Microsoft drops 1.5% ahead of an earnings report, while Nvidia loses 4%.
- Apple shares retreat 1% following Oppenheimer's downgrade from Outperform to Perform and Nvidia slides 4% despite slightly better sentiments across the semiconductor sector
- Stocks of Automatic Data Processing (ADP.US), T-Mobile US (TMU.US), F5 Inc (F5.US), and Arista Networks (ANET.US) are gaining.
- U.S. wholesale inventories fell by -0.5% m/m, compared to the forecasted 0.2% m/m increase and the previous -0.2% decline. The U.S. trade deficit came in significantly higher than expected (-$122 billion vs. -$101 billion forecast).
- The Federal Reserve will announce its interest rate decision at 8:00 PM, followed by Jerome Powell's press conference at 8:30 PM.
- Trump reaffirmed February 1st as the start date for 25% tariffs on Canada and Mexico. The U.S. dollar strengthens, while 10-year U.S. Treasury yields decline slightly by 2 basis points to 4.52%.
Today's stock market sentiment suggests a slight cooling of enthusiasm, particularly around large-cap tech stocks.
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Create account Try a demo Download mobile app Download mobile app- Chinese stocks, including Alibaba (BABA.US), extend their upward momentum after the company announced it had developed an AI model that surpasses DeepSeek's capabilities.
- Tests on China's DeepSeek indicated relatively low accuracy compared to 'Western' AI models.
- Bitcoin's price increased slightly following news that Trump Media & Technology (DJT.US) will transfer its funds into ETFs and cryptocurrencies.
- The company also announced the launch of TRUTH.FI, a fintech and blockchain-related brand.
Source: xStation5
US500 (M15 Timeframe)
Source: xStation5
Apple Downgrade Details
Oppenheimer cut its fiscal year 2026 (calendar year 2025) EPS forecast for Apple by 4%, lowering it to $7.95, compared to the previous consensus of $8.23.
- Analysts stated that the revision reflects lower iPhone sales forecasts over the next 12–18 months, citing growing competition in China and a lack of AI-driven features to stimulate device upgrades.
- Given slowing iPhone sales and Apple’s high valuation, analysts perceive a high risk of failing to meet market expectations.
Apple shars defended a major support zone at EMA200, near $220 per share.
Source: xStation5
