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Benzinga
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Nasdaq Surges 1% As Alphabet, Apple Gain: Investor Sentiment Edges Lower, Fear & Greed Index Remains In 'Neutral' Zone

1. AAPL gained about 4% due to favorable antitrust ruling for Google. 2. Google's payment for default search on iOS preserves AAPL's revenue stream. 3. Fear & Greed Index declined but remained neutral, indicating mixed sentiment. 4. U.S. job openings and manufacturing orders declined, raising economic concerns. 5. Nasdaq Composite increased by 1%, signaling resilience in tech stocks.

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FAQ

Why Bullish?

The positive impact of Google's rulings reinforces AAPL's strong revenue from search placements, historical data shows similar boosts post-favorable rulings.

How important is it?

The ruling's effect on AAPL's revenue stream is significant, directly influencing investor sentiment.

Why Short Term?

The short-term price increase is linked to current market reactions and sentiment. Future impacts depend on broader economic conditions.

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