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Closed: Oct 16, 16:00:00 (EDT)The iPhone Duo is now available to preorder at $1,999
The Verge·- Apple announced its first foldable phone, the iPhone Duo, alongside the iPhone 18 Pro and new Apple Watch models during its recent event. - The device features a 5.4-inch outer screen, a 7.6-inch Super Retina XDR inner display, Apple Pencil support, Touch ID, and an IP68 rating with Ceramic Shield protection. - The iPhone Duo is now available for pre-order starting at $1,999.Dow Jones Today: DJIA Stalls on Tech Weakness as Rate Hike Bets Slip
Tip Ranks·- The Dow Jones dropped 0.24% on Friday due to a continued tech stock sell-off that also heavily impacted the Nasdaq 100. - Major losers across the indexes included tech giants such as Salesforce, Microsoft, and Alphabet. - Interest rate hike expectations for the October 28 FOMC meeting declined to 17.2% following remarks from Fed Chair Kevin Warsh.Alphabet Inc. $GOOGL Stock Sold by HBW Advisory Services LLC
Market Beat·- Alphabet Inc. experienced recent institutional stock sales, insider transactions, and fluctuations in market performance alongside positive quarterly earnings reporting $9.11 earnings per share and $119.80 billion in revenue. - Major institutional investors and hedge funds like State Street Corp and Invesco Ltd. adjusted their holdings, while financial analysts maintained a consensus "Buy" rating with a target price of $425.04. - The company faced mixed market sentiment driven by strong cloud and AI growth countered by capital expenditure concerns, ongoing litigation risks, and regulatory uncertainties.Visa Takes Its First Stablecoin Product Live on Visa Direct and Lets Money Transmitters Prefund Payouts in Near Real Time
CoinLive·- Visa has officially launched its first commercial stablecoin product on Visa Direct, allowing businesses to fund cross-border payouts with USDC in near real time. - Payment infrastructure provider Inyo Global became the first firm to integrate this round-the-clock prefunding capability, removing traditional bank hour limitations. - This rollout follows extensive trials in 2025 and builds on Visa's growing stablecoin settlement volume, which reached an annualized US$ 20 billion by September 2026.US Sept. PPI Rises by Most in Over Four Years As Inflation Pressures Heat Up Again, Adding New Strain on Fed
TradingKey·- The U.S. Bureau of Labor Statistics reported that the September PPI surged 1.3 % month-over-month and 6.3 % year-over-year, marking the largest monthly gain since March 2022. - Energy prices, led by a 20.3 % jump in gasoline, served as the primary driver behind the sharp increase in final demand goods. - These consecutive hotter-than-expected inflation reports have heightened inflationary pressures and stoked market expectations of further rate hikes by the Federal Reserve.Dow Jumps Over 550 Points Following Economic Data: Investor Sentiment Improves, But Fear & Greed Index Remains in ‘Fear’ Zone
benzinga_article·- U.S. stocks closed higher on Thursday, with the Dow Jones index gaining over 550 points following the release of September producer prices and retail sales data. - September producer prices rose 6.3 % year over year while retail sales climbed 0.8 % month-over-month, beating market estimates. - Despite the market rally, the CNN Money Fear and Greed index remained in the "Fear" zone with a reading of 31.Dow Shrugs Off Hot Inflation Data, Soars Over 500 Points
Schaeffers·- U.S. stocks rebounded strongly on Thursday, with the Dow surging 556 points despite hotter-than-expected inflation data and AI spending concerns. - Oil prices rose approximately 3% to settle at $97.97 per barrel due to supply disruption fears and an 8 million barrel drop in U.S. crude inventories. - Gold futures also increased by 1.7% to $4,177.80 per ounce, shaking off the morning inflation data.Microsoft (NASDAQ:MSFT) Stock Jumps 1.1% - Time to Buy?
Market Beat·- Microsoft Corporation's stock rose 1.1% to $539.44 on a trading volume of 22,495,467 shares, driven by strong quarterly earnings, accelerating Azure and Microsoft 365 growth, and positive analyst sentiment with a consensus price target of $589.71. - The company maintains a market capitalization of $4.01 trillion and a price-to-earnings ratio of 30.04, alongside announcements of a quarterly dividend increase to $0.98 per share payable on December 10th. - Key developments include positive outlooks for the Maia 300 AI chip and robust Copilot adoption, tempered by internal cost-reduction initiatives in the Azure organization and recent insider share sales under regulatory filings.