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Why did SPX dip below 4200? Can Apple save the day?
@Tiger_comments：
$S&P 500(.SPX)$ falls more than 1% to close below 4,200 for first time since May, $NASDAQ(.IXIC)$ notches worst day since February and falls to a key level of 200MA. Why did $S&P 500(.SPX)$ fall below 4200 yesterday? Geopolitical conflicts raise concern on US stock market: Turkey President’s claim that Hamas is not a terrorist organisation. Increase in treasury yields has put pressure on growth stocks: The 10-year treasury yield rose by 12 basis points to 4.96%. Will strong US GDP change rate hike expectations? The US GDP is 4.9%, exceeding the estimates of 4.7%, buoyed by a strong consumer in spite of higher interest rates. Can Apple event and Apple earnings stop this bleeding earnings season? $Apple(AAPL)$ 's upcoming event titled "Scary fast" on October 30. This event focus might be on the new M3 chip. However, Apple generally falls on the event day. Apple, reports on Nov. 2, is expected to report revenue of $8.931 billion, up from $8.18 billion in the previous quarter; and EPS is expected to be $1.39, up from $1.26 in the previous quarter. Leave you comments and repost to win tiger coins~
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