Over the holiday week, US mortgage rates rose to 6.97% to reach the highest level since early July, data showed. The gain ...

The benchmark S&P 500 is down about 4% from its December record high as weak Tesla vehicle deliveries and iPhone discounts in ...

Tech stocks had mixed results on the first trading day of the year, with Apple and Tesla declining while Nvidia and Meta rose ...

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 3.2% in the afternoon session after UBS cut its iPhone sales ...

With the Dow Jones Industrial Average looking to add to last year's strong gains, the best Dow Jones stocks to watch in January 2025 are Amazon.com, Apple, Nvidia, Salesforce and Walt Disney.

If Apple's stock falls to a P/E ratio of 30, the stock price would need to decline by nearly 30%. A P/E ratio of 25 (around the S&P 500's valuation) would imply a fall of more than 40%.

The analysts covering Apple have a median 12-month price target of $250 on the stock. That's near where it is trading right now, suggesting that there may not be much upside coming in 2025.

The selloff in Apple shares on Thursday may also be partly due to profit taking given that the stock rallied roughly 35% to all-time highs in 2024. Some investors may have been waiting until ...