The S&P 500 rode the positive sentiment from the tech sector this week, crossing the 4,300 mark for the first time since August as investors become increasingly hopeful the Fed will announce a pause on interest rate hikes next week.
The Nasdaq Composite and the Dow Jones also traded higher on Friday.
Apple Enters Virtual Reality
Apple Inc (NASDAQ:AAPL) was one of the stars of the week, with the announcement of its first new product category since the launch of the Apple Watch in 2015. Apple’s Vision Pro headset for augmented and virtual reality is the company’s bet on spatial computing. The tech giant’s stock hit an all-time high on Monday as Apple unveiled the new product at the company’s annual Worldwide Developers Conference, but lost some of its gains as the headset’s price of $3,500 was announced. Shares regained some value throughout the week and were only down slightly on Friday from Monday’s …
