Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
Author: Sanmit Amin
Sanmit Amin joined Market Realist in 2014. He currently writes about technology stocks.
Apple’s (AAPL) iPhone has seen its average selling price spike since it launched the iPhone X two years ago due to the higher costs of its OLED screens.
Despite the trade war and the inverted yield curve, the S&P 500 Index is down 1.8% this month. Its resiliency reflects the US consumer sector’s strength.
During the market’s recent volatile phase, tech stocks have lagged. Since July 26, the S&P 500 Index is down 3.8% and the Nasdaq Composite is down 4.2%.
The US Dollar Index, which measures the strength of the dollar against a basket of other currencies, has risen 2.2% in the past month.
On Thursday, Apple shared an update on its promise. The company is on track to hit its promise of contributing $350 billion to the US economy by 2023.