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News in Action

Market News Update

Key Drivers

1. Cryptocurrency and ETFs

The crypto world is eagerly awaiting a decision from the Securities and Exchange Commission (SEC) on the approval of 14 different spot bitcoin exchange-traded funds (ETFs). These ETFs could potentially bring bitcoin trading into mainstream investment tools, boosting its value.

2. Stock Market Movement

After a strong end to 2023, stocks are struggling to recover from a poor start to 2024. Factors influencing this downturn may include recent market strength and technical movements.

3. Walgreens Dividend Cut

Walgreens announced a significant dividend cut, leading to a 12% drop in its stock price. Despite this, the company reported a 10% increase in first-quarter sales, exceeding expectations.

4. Apple's Downgrade

Apple received a second downgrade in a week due to concerns over reduced iPhone demand in China. This has led to a significant decrease in its market value and raised concerns about future growth.

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