The shares of Apple are up 10% in 2018.
Apple is the fourth-largest technology company in the world.
Apple stock surged on the back of the news that the Federal Reserve raised interest rates.
But the stock has been under pressure from the Trump administration.
This morning the US Federal Reserve released its 2017-19 financial statements and its outlook for the economy.
The Fed is expected to cut its outlook to a “negative outlook” by the end of this year, meaning it expects the economy to contract by 2.5% in 2019.
The Federal Reserve’s most recent forecast has Apple growing at 3.9% in 2021.
As part of its 2017 earnings report, Apple reported that it made a net loss of $24 billion.
Apple shares fell 5% in after-hours trading.
It was the latest time that Apple stock has dropped on Trump’s administration.
Last year, the stock was trading up after Trump’s inauguration.
In April 2018, the Trump campaign released a statement saying that Apple’s stock was “selling at a phenomenal clip,” and that “we are confident that Apple will remain a valued part of our company and economy for years to come.”
In July 2018, Trump was asked by a CNN host if he thought that Apple shares should be considered a “penny stock.”
“I do think they should be,” Trump said.
On Friday, the Federal Open Market Committee voted to lift the Fed’s benchmark interest rate by 0.25 percentage points to 0.5%.
“It’s a big decision,” Michael Bordallo, chief market strategist at S&P Capital IQ, told CNBC.
We can do this.’ “
But what you also have is the Trump team saying that, ‘You know what?
We can do this.’
And it seems to be the case.
So I think we’ll see a huge spike in Apple stock in 2018 and 2019.”
Bordallo added that he expects the market will continue to “underperform” Apple’s market capitalization and stock prices.
Shares of Apple jumped 7% on Friday.
Trump’s administration has been pressuring the Federal Government to increase the cost of college, which he has said will be an issue in 2020.
Despite this pressure, the US economy continues to grow and unemployment remains below 10%.