Page 37 - Tim Long News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Reuters) -Apple on Tuesday fell nearly 3% to a seven-week low after Barclays downgraded the shares of the world's most valuable firm on concerns demand for its devices from the iPhone to Mac will remain weak in 2024. Barclays is the second brokerage to have the equivalent of a "sell" rating on the stock, which now has its most number of bearish recommendations in at least two years, per LSEG data. The stock accounts for a hefty 7% of the S&P 500's market weight - the broader index was dragged 0.4% lower on Tuesday.

After surging roughly 50% to a record high in 2023, a rare rating downgrade from Wall Street helped push Apple stock down more than 4% on Tuesday, shaving…

Investment firm Barclays cut Apple's shares to "underweight" and lowered its target on the stock setting off today's drop in the stock.

Barclays analysts think that weak iPhone 15 sales may be a harbinger of weak hardware and iPhone 16 sales in the year ahead.

Apple Downgraded On Cooling iPhone Demand Apple shares fell in the early US cash session following a downgrade by Barclays analysts, who are cautioning about…