Markets Brace for Prolonged U.S. Shutdown as Apple Surges and Rare Earths Spark a New Rally.
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This week, our AI analysis shows a predominantly bullish sentiment across market news.
Despite pockets of bearish performance, our AI still signals strong bullish momentum across the broader market.
Here’s a breakdown of key stock events by our AI Event signal for today, 10/20.
The Must-Know News Stories for Today, 10/20.
Our AI cuts through the noise, saving you 9 minutes by delivering the heart of today’s events in seconds!
Fox Business
BearishShortTermS&P 500Economics
Prediction markets signal government shutdown may last into mid-November
- Prediction markets project a government shutdown lasting about six weeks.
- Traders expect a 44% chance the shutdown ends by November 15.
- Market volume on Kalshi is over $12.7 million, indicating trader concern.
- Historical shutdowns indicate economic impacts can extend beyond the shutdown itself.
- Senate fails to resolve the shutdown, heightening uncertainty.
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Full ArticleCNBC
BullishLongTermAAPLIndustry News
Apple stock rallies following strong iPhone 17 sales in U.S. and China
- AAPL shares rose nearly 3% on strong iPhone 17 sales.
- iPhone 17 sales outpaced iPhone 16 by 14% in initial 10 days.
- Base model offers better features, enhancing consumer appeal.
- Loop Capital upgraded AAPL to 'buy', raising price target to $315.
- Material upside expected for AAPL through CY2027, analysts say.
CNBC
BullishLongTermCLFCorporate Developments
Cleveland-Cliffs shares jump 17% as steelmaker looks into rare earths mining
- Cleveland-Cliffs plans to expand into rare earths mining.
- Geological surveys indicate rare earths at two Michigan and Minnesota sites.
- Shares surged 17%; highlights critical mineral strategy independence.
- Cleveland-Cliffs aims to reduce reliance on foreign suppliers.
- Rare earth elements link U.S.-China trade tensions.
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