U.S. Stock Market News | Apple rose more than 1.6%, JPMorgan Chase is expected to take over its credit card project from Goldman Sachs
On Wednesday, Apple's stock price rose, with the stock up over 1.6% to $220.36 as of the time of writing. The overall U.S. stock market experienced a general decline, with the Nasdaq down 0.12%, the S&P 500 down 0.1%, and the Dow Jones down 0.15%. In terms of news, as Goldman Sachs decided to exit the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users. Currently, Apple and JPMorgan Chase are still in negotiations. Due to Apple's credit card project involving high-risk customers, JPMorgan Chase hopes to take over at a favorable price. If JPMorgan Chase and Apple reach an agreement, this will further strengthen the cooperation between the largest bank in the United States and one of the world's largest technology companies
According to the Zhitong Finance APP, on Wednesday, Apple (AAPL.US) stock price rose, with the stock up over 1.6% to $220.36 at the time of publication. The overall U.S. stock market fell, with the Nasdaq down 0.12%, the S&P 500 down 0.1%, and the Dow down 0.15%. On the news front, as Goldman Sachs decided to exit the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users. Currently, Apple and JPMorgan Chase are still in negotiations. Due to Apple's credit card project involving high-risk customers, JPMorgan Chase hopes to take over at a more favorable price. If JPMorgan Chase and Apple reach an agreement, this will further strengthen the cooperation between the largest bank in the United States and one of the largest technology companies in the world