DOJ sues Apple for monopolizing smartphone market
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 21 March 2024
⏱️ 1 minutes
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Summary
Stocks rise; DOJ argues Apple’s dominance is anticompetitive; existing home sales rise; Leading Economic Indicators index increases.
Transcript
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| 0:00.0 | This is the Marketplace Minute. |
| 0:03.0 | I'm Justin Ho. |
| 0:05.0 | Stocks closed up on Thursday. |
| 0:06.9 | The Dow gains 7 tenths percent, the S&P added 3 tenths percent, and the NASDAQ |
| 0:12.0 | rose 2.10%. |
| 0:14.0 | The Justice Department is suing Apple on charges that the company monopolizes the smartphone |
| 0:18.4 | market. |
| 0:19.4 | The DOJ is arguing that Apple uses its dominance to prevent users from switching platforms, |
| 0:24.4 | raising costs for consumers and developers. Apple denies the allegations. |
| 0:30.0 | More existing homes sold in February than in January, |
| 0:33.2 | according to the National Association of Realtors. |
| 0:35.5 | Sales were up 9.5% from the month before. |
| 0:38.3 | The NAR says housing supply is increasing, |
| 0:40.8 | and demand is holding steady. |
| 0:43.0 | And an index of leading economic indicators from the conference board rose in February |
| 0:47.5 | for the first time in two years. |
| 0:49.6 | That was thanks to improvements and factors including stock prices, |
| 0:52.7 | credit availability, and home construction. |
| 0:55.9 | I'm Justin Ho with the Marketplace Minute. You're going to. |
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