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Note from the publisher: Despite a lack of major economic announcements, the Srequipa Composite index has risen by 3% over the past week, marking its third consecutive week of gains and nearly recouping losses from April. Meanwhile, the utilities sector is shining as the star performer, outperforming both the energy sector and the tech sector.

Analysts believe this strong performance may be due to heightened power demand from data centers. However, a potential job market slowdown looms large, with weekly jobless claims reaching their highest level in eight months. Similarly, inflation expectations are seeing an upward trend, with the University of Michigan’s Consumer Sentiment report indicating a sharper-than-expected decline in May. Investor sentiment around Apple’s latest announcements, “including the release of the new iPad Pro with a powerful M4 chip.”.. also suggests waning confidence in the tech giant’s stock. Other notable headlines include: * **Warren Buffett reduces Apple stake by 18%**: The iconic investor’s reduction in Apple stock marks a potential shift in his investment strategy as the tech giant faces challenges in the Chinese market.

* **Chinese market woes impacting Apple**: Apple’s dependence on the Chinese market raises concerns about the potential impact of economic slowdown on its business.

* **Fed Chair’s comments to shape the economy**: Jerome Powell’s remarks at an economic conference in Amsterdam on Tuesday are expected to provide further clues about the Federal Reserve’s policy direction.

**For further details on this topic, please refer to the following resources:** * **markets.businessinsider.com** provides additional information and analysis on the news discussed in this article. As the stock market — in a state of uncertainty, investors are encouraged to closely follow the latest economic developments and economic projections to make informed financial decisions.