Table of Contents

• US Stocks

• Apple EU Regulations

• Microsoft vs. Nvidia

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Economy & Finance

US Stocks

The Dow Jones Industrial Average gained ground on Monday as investors shifted focus from technology stocks to sectors like banks and energy, pushing the index up by 0.7%. In contrast, the S&P 500 remained relatively unchanged, while the Nasdaq Composite declined by 0.7%, weighed down by losses in the information technology sector, which fell 1.5%. Energy, financials, and utilities saw gains of over 1%, driven by strong performances from companies like JPMorgan Chase, Goldman Sachs, and Chevron. Nvidia continued its decline, dropping over 5% following a recent surge that briefly made it the most valuable U.S. company. Despite this pullback, Nvidia's shares are up approximately 140% for the year, highlighting its strong performance amidst broader market fluctuations driven by economic data and inflation concerns.

Technology

Apple EU Regulations

EU regulators have accused Apple of violating new tech regulations by restricting App Store customers from accessing alternative purchasing options, leading to a preliminary breach finding under the Digital Markets Act (DMA). The European Commission's investigation focuses on anti-steering rules that prohibit app developers from directing users to cheaper purchase options outside of Apple's ecosystem. Apple contends that its recent changes comply with the law, emphasizing that the vast majority of developers would see no increase in fees under its revised terms. Potential penalties could reach up to 10% of Apple's global annual turnover if the breach is confirmed.

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