Wedbush analyst Daniel Ives lifted his price target on Apple (AAPL) by $10 to $250. AAPL is also reiterated as Wedbush's Top Tech Pick for 2024. AAPL is down 1.87%.
Arkhouse Management and Brigade Capital Management have offered to buy Macy's Inc.(M) for $5.8 billion, according to people familiar with the matter. The offer values the retailer at $21 per share, compared to the company's most recent close at just over $17 per share. M is up 19%.
US stock market is mixed today with "Magnificient 7" stocks down but Dow and SP500 are up. The market rally is broadening from tech stocks to other sectors and is good for the market. The Dow Jones Industrial Average Index is just 1.7% away from its all time high at 36952. SP500 just broke above its July high resistance 4607. The next two resistances for SP500 are 4750 then 4818 all time high. The Nasdaq Composite is forming a cup and handle bullish pattern just below its July high at 14446. Year end rally continues.
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