APPLE & META GAIN AS WORLD INDEX TURN POSITIVE

The dollar index eased further below 108 on Monday as traders reassessed the Federal Reserve’s policy tightening path and dialed back expectations for a bigger 100 basis point point rate hike that previously emboldened dollar bulls. Atlanta Fed President Raphael Bostic and St. Louis’s James Bullard signaled on Friday that they are on track to raise rates by 75 basis points for the second month in a row at the July 26-27 meeting, pushing back against speculations for a larger full percentage point increase. Investors also assessed mixed economic data, with US retail sales coming in better-than-anticipated for June, while consumer inflation expectations softened in July. Meanwhile, the dollar remains close to its highest levels in 20 years, underpinned by a relatively more aggressive US monetary tightening and safe-haven inflows spurred by global recession fears.

Futures tied to the major European stock indices were mostly in positive territory on Monday, as investors geared up for a highly awaited ECB interest rate decision later this week, while political turmoil in Italy pressured Italian stocks. Futures of Germany’s DAX inched higher 0.1%, headed for a similar open to the regional Stoxx 600, while Italy’s FTSE MIB inched down roughly 0.2%.

Meanwhile, Apple traded at $150.17 this Friday July 15th, increasing $1.70 or 1.15 percent since the previous trading session. Looking back, over the last four weeks, Apple gained 15.46 percent. Over the last 12 months, its price rose by 2.58 percent.

Tesla traded at $720.20 this Friday July 15th, increasing $5.26 or 0.74 percent since the previous trading session. Looking back, over the last four weeks, Tesla gained 12.65 percent. Over the last 12 months, its price rose by 11.79 percent.

Microsoft traded at $256.72 this Friday July 15th, increasing $2.64 or 1.04 percent since the previous trading session. Looking back, over the last four weeks, Microsoft gained 4.80 percent. Over the last 12 months, its price fell by 8.56 percent.

Amazon traded at $113.55 this Friday July 15th, increasing $2.92 or 2.64 percent since the previous trading session. Looking back, over the last four weeks, Amazon gained 9.54 percent. Over the last 12 months, its price fell by 36.45 percent.

Meta Platforms, Inc. traded at $164.70 this Friday July 15th, increasing $6.65 or 4.21 percent since the previous trading session. Looking back, over the last four weeks, Meta gained 2.38 percent. Over the last 12 months, its price fell by 51.72 percent.