What's Going On With Apple Shares

What's Going On With Apple Shares

Apple Inc AAPL shares are trading higher by 3.07% to $149.90 Thursday morning amid overall market strength and in anticipation of today's first-quarter earnings report. Strong results from Meta Platforms Inc META have lifted other tech stocks as well.

According to analyst consensus estimates, Apple is expected to report revenue of $121.2 billion on EPS of $1.94.

What Happened With Meta?

Meta Platforms reported fourth-quarter earnings per share of $1.76, missing a Street estimate of $2.22. The company said earnings per share would have been $1.24 higher without restructuring charges in the fourth quarter.

The company ended the fourth quarter with 2.96 billion daily active...Read More

What Happened With This Week's FOMC Meeting?

Wednesday's 0.25% rate hike brings the target fed funds rate to a new range between 4.5% and 4.75%, the highest levels seen since before the 2008 financial crisis.

The move was in line with average economist expectations and comes in the wake of a downshift from the Fed in December. At its last meeting, the central bank opted for a 0.5% hike, which was preceded by four straight 0.75% rate hikes...Read More

See Also: Federal Reserve Downshifts To 0.25%: Central Bank's Pace Of Interest Rate Hikes Slows With Inflation

Apple Inc has a 52-week high of $179.61 and a 52-week low of $124.17.

Posted In: EarningsNewswhy it's moving