Tech stocks, notably Apple, have seen declines amidst tariff-related uncertainty, causing pressure on the Nasdaq Composite. While the Dow Jones Industrial Average has seen minor gains, the S&P 500 is slightly lower. Wall Street analysts remain cautious, with Morgan Stanley maintaining an optimistic stance on Apple. This week holds critical financial updates, including the Federal Reserve's discussion on interest rates and upcoming earnings reports from various companies. Netflix faces challenges due to recent tariffs impacting foreign films, reflecting broader market dynamics influenced by economic policies.
The markets ran out of steam after last week's rally but have come off their worst levels of the session.
The Federal Reserve convenes this week to set the direction of short-term interest rates while the tone of Chairman Jerome Powell's remarks will be key.
Wall Street has been cautious with tech stocks, particularly with Apple seeing a 3.1% decline amid broader tariff-related concerns.
Morgan Stanley has reiterated its 'overweight' rating on Apple stock despite the recent market pressures.
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