• Apple’s iPhones Winning Over Gen Z.  Apple’s market lead in the premium bracket is growing, and polls show that people in their teens and early 20s, known as Gen Z, increasingly see the iPhone as a must-have. Converts say they are drawn by its design, cameras, and AirDrop features for sharing photos. Apple’s rise among young people will likely help the U.S. firm’s position in the high-end phone business.*
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  • US Futures Rise on Strong Corporate Results, Bonds Decline. Strong corporate results* from companies such as Chevron and Target have pushed US equity futures higher. At the same time, reports of accelerating inflation in France and Spain have led to a slump in bond prices. In addition, robust US economic data suggest that the Federal Reserve will continue to tighten monetary policy.

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