Market Gains as Fed's Waller Supports Rate Hold

U.S. stock markets experienced a significant surge on September 3, 2026, as Federal Reserve Governor Christopher Waller indicated that he would support holding interest rates steady in September if inflation data continues to show signs of cooling over the next two weeks.

This shift in sentiment led to a decrease in the likelihood of a rate hike, resulting in all three major indices rising over 1% on Thursday. The Dow Jones Industrial Average climbed more than 620 points, marking its best day since early August.

Apple Inc., a leading player in the technology sector, was among the beneficiaries of this market sentiment shift. However, GuruFocus analysis suggests that Apple's current stock price may be overvalued by 15.4% based on its GF Value of $284.48 compared to its current price of $328.21.

The company's robust growth potential and strong profitability are reflected in its GF Score of 95/100, but its valuation rank indicates that the stock may not accurately reflect its intrinsic value.