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šŸš€ Young People Turning to Trades Work

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

Dow Jones  41,393.78 9.75%
S&P 500  5,626.02 18.62%
Nasdaq  17,683.98 19.76%
Russell 2000 2,182.49 8.43%
TSX  23,568.65 12.92%
Bitcoin $60,626.10 43.35%
Ethereum $2,357.76 3.29%
US to Canadian Dollar $1.36 2.70%
  1. Since the onset of the COVID-19 pandemic, U.S. colleges have seen a decline of over 900,000 undergraduates. High school graduates from low-poverty areas are more likely to enroll in college, while rising costs and student loan concerns push many teens toward alternative career paths like vocational programs. Increasingly, teenagers are recognizing that on-the-job experience or trade programs may be more valuable than a traditional degree. Apprenticeships and vocational enrollments have surged, reflecting a growing preference for skilled trades over costly college degrees.

  2. Apple shares dropped 3.6% after reports indicated lower-than-expected demand for the iPhone 16, particularly the Pro models. Analyst Ming-Chi Kuo noted a 12% year-over-year drop in first-weekend sales compared to the iPhone 15. Delays in launching Apple Intelligence features and competition in China are factors contributing to weaker demand. Analysts from Barclays, JPMorgan, and Bank of America also noted lighter demand and shorter shipping lead times, signaling softer interest in the Pro models compared to last year.

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  4. Headlines

    1. The S&P 500 isnā€™t expected to see much movement ahead of the Federal Reserveā€™s interest rate decision later this week.

    2. Goldman Sachs expects the S&P500 to hit 6,000 (currently at 5,617) within 12 months.

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