Apple Hits $5 Trillion as Chip Stocks Crash and Sandisk Sinks 14%

On today's episode of Market Brief – After Hours, Apple briefly touches a historic $5 trillion market cap, a day after overtaking Nvidia as the world's most valuable company, as the tech giant also unveils a new iPhone leasing program. We break down a sharp market rotation that sent the Dow to a third straight winning session while semiconductor names got hammered, with Sandisk sinking into double-digit losses. Falling oil prices, a slew of Dow earnings beats, and diplomatic talks over the Strait of Hormuz all shaped the session ahead of this week's Fed decision, while EUR/USD, GBP/USD and AUD/USD showed telling technical setups. Asia had a far rougher night, with South Korea's KOSPI suffering a historic plunge. Tune in for the full breakdown of stocks, bonds, currencies and commodities. Hosted on Acast. See acast.com/privacy for more information.