Dow 44,050 +0.8% record, S&P 500 5,850 +1.1%, Nasdaq 18,900 +1.4% as Apple beats and Fed minutes show 70% Dec cut odds.
US Dow Closes 44,050 Record as Apple $89.5B Revenue Beats - Fed Minutes Dovish - 24 Oct 2026
Published: 24 Oct 2026 | New Trading • US | Source: Fed, Apple, CME
Dow Jones closed at 44,050 (+0.8%) record high, S&P 500 at 5,850 (+1.1%), Nasdaq at 18,900 (+1.4%) after Apple reported $89.5B revenue vs $87.5B expected. Fed minutes indicated "most participants see rate cuts soon". VIX closed at 13.5, lowest since July. ASX 200 futures +0.5% to 8160 after US close.
Factual Summary - Public Reports
- Apple: iPhone revenue $43B vs $41B expected, Services $25B +12% YoY, China sales -2% vs -8% feared, Gross margin 46% vs 45% expected (company report)
- Fed minutes: 70% chance of 25bps cut in December priced by CME FedWatch, 100% by March 2026. 9 of 19 participants saw 2 cuts in 2026.
- Yields: US 10Y 4.08% down from 4.25%, 2Y 4.20% down from 4.35%, DXY 103.5 down 0.5%
- ASX impact: ASX 200 futures +0.5% to 8160, AUD +0.3% to $0.6705
What Fed Minutes Said - Verbatim Excerpts (Public)
| Topic | Fed Language |
|---|---|
| Inflation | "Inflation has eased but remains elevated" |
| Employment | "Labor market has come into better balance" |
| Policy | "Participants expect it will be appropriate to cut if data allows" |
Educational Context: US market moves often influence ASX open due to overnight sentiment. Past correlation does not guarantee future correlation. Apple earnings are watched as indicator of consumer tech demand. Fed rate expectations affect bond yields which in turn affect equity valuations via discount rates. This is general market information for education, not personal advice. Consider PDS and seek licensed advice.
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