Apple Teeters at $299 Ahead of FOMC Decision: Will Hawkish Tone Crush Stock Price?
Apple (AAPL) is trading at $298.99 ahead of the FOMC decision, which could be crucial for its stock price. The company's Q2 FY2026 performance has been stable, with revenue reaching $111.2 billion and Services revenue hitting an unprecedented $31 billion.
The installed device base now stands at 2.2 billion, providing a solid foundation for the company's growth. However, the market is awaiting the outcome of the FOMC decision, led by Chair Kevin Warsh, which could have a significant impact on Apple's stock price.
A hawkish tone from Chairman Warsh would likely result in an increase in real yields and a multiple compression in higher valuation tech names, including Apple. This could lead to a breach of the EMA50 level and a retest of the EMA200 at $289.78.
Conversely, a neutral take or a moderate dove tilt from Warsh would lift the macro headwind that has acted as a roof for Apple's upside since the post-WWDC pullback, potentially leading to a breakout above $302.40 and targeting $317.45.