"Apple ( Nasdaq: AAPL) stock is in the spotlight after Citi analysts lifted their price target on the stock to $330 per share from $315 with a "buy" rating attached. The stock is gaining fractional ground. Separately, Microsoft ( Nasdaq: MSFT) has promised to invest $17.5 billion to finance India's AI ambitions, its biggest investment into Asia ever, according to CEO Satya Nadella."
"Home Depot ( NYSE: HD) shares are up a solid 1% today amid management expectations for robust sales if the housing market starts booming. AutoZone ( NYSE: AZO) shares are tumbling 4.3% today on the heels of its Q1 earnings results amid margin contraction. PepsiCo ( NYSE: PEP) stock is down fractionally today after conceding with an activist investor Elliott Management to lower its prices in the U.S. market."
Federal Reserve officials convene in Washington, D.C., leaving markets in a wait-and-see posture as policymakers evaluate labor and economic data to set near-term interest rates. Kevin Hassett reportedly sees justification for a rate cut of more than 25 basis points, a shift that could move markets. Major indices show only small changes in morning trading. Citi raised Apple's price target to $330 with a buy rating, and Microsoft pledged $17.5 billion for India's AI initiatives. Individual stocks reacted to earnings, management outlooks, analyst coverage, and activist investor actions, producing mixed sector performance.
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