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• Tech Earnings Reports

• Apple

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Economy & Finance

Tech Earnings Reports

The S&P 500 and Nasdaq Composite saw modest gains on Monday as investors prepared for a busy week of tech earnings reports and anticipated a key policy statement from the Federal Reserve. The S&P 500 rose by 0.08%, while the Nasdaq gained 0.07%. The Dow Jones Industrial Average, however, declined by 0.12%. On Semiconductor led the gains with an 11.5% increase following strong earnings, while Tesla also climbed 5.6% after being highlighted as a top pick by Morgan Stanley. The market is closely watching the upcoming earnings reports from major tech companies like Microsoft, Meta Platforms, Apple, and Amazon. Additionally, attention is on the Federal Reserve's meeting, where no immediate rate cut is expected, but future policy direction will be keenly observed. Monday's slight market movements come after a volatile previous week, where the S&P 500 and Nasdaq declined, while the Dow and small-cap Russell 2000 saw gains.

Technology

Apple

Apple has unveiled Apple Intelligence, a new suite of AI-powered features designed to enhance Siri and streamline user interactions across its devices. The features, available in the developer beta of iOS 18.1, include advanced Siri capabilities like improved speech recognition and the ability to answer troubleshooting queries about Apple products. Apple Intelligence also offers AI-generated summaries for emails, messages, and voicemail transcriptions, as well as Writing Tools for text generation. The software, which will only function on the iPhone 15 Pro and newer models, is expected to drive future upgrades. Public release is anticipated later this year, though not alongside new iPhone hardware. Some features, such as image generation and integration with OpenAI's ChatGPT, are still in development and will be rolled out in the future.

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