AAPL closed at $284.18 (+2.66%) as the Nasdaq hit record highs fueled by cooling labor data and anticipation of Fed rate cuts. The stock continues to benefit from broader tech sector strength and market rumors regarding a potential Apple-Intel chip partnership.
- The stock is trading at $281.81 (-0.8%) in the pre-market, slightly cooling after the previous session's significant gains.
- Technical analysis remains bullish with the stock maintaining an active ascending channel and holding well above its 200-day EMA of ~$263.79.
- Investor focus remains on positive market futures (NQ +1.47%) and the 14% surge in Intel (INTC) following deal rumors.