Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
American equities dive at close of trade
On Thursday, American equities declined because losses in the Oil & Gas, Technology as well as Basic Materials sectors suppressed equities.
The Dow Jones Industrial Average shrank by 0.87% at the close in NYSE. At the same time, the S&P 500 index headed south by 0.94%, while the NASDAQ Composite index declined by 1.18%.
On the Dow Jones Industrial Average the best gainers were represented by Walmart Inc, whose equities headed north by 1.14% concluding the trading session at 1 96.73. Besides this, the Travelers Companies Inc managed to leap by 0.96% being worth 126.76. As for Coca-Cola Company, its equities added by 0.32% demonstrating an outcome of 49.42.
The top losers of the trading marathon were represented by DowDuPont Inc that declined by 1.94% showing 52.18. Moreover, Apple Inc slumped by 1.89% coming up with a result of 170.94. As for Goldman Sachs Group Inc, it decreased by 1.81% being worth 193.07.
On the S&P 500, the top-notch gainers were represented by Hanesbrands Inc who shares jumped by 20.17% resulting in 18.71, Chipotle Mexican Grill Inc that managed to head north by 11.35% being worth 585.78 and also SunTrust Banks Inc that acquired by 10.18% concluding at 64.72.
As for the top losers, here we should mention Tapestry Inc with its 14,83% tumble, Alliance Data Systems Corp with its 9.83% decline and Snap-On Inc that decreased by 8.38%.
On the NASDAQ Composite, the top gainers were represented by such companies as 3Pea International Inc that shot up by 41.26%, OHR Pharmaceutical Inc that surged by 33.17% as well as Cellect Biotechnology Ltd that surged by 33.14% concluding the trading marathon at 2.29.
On the New York Stock Exchange, descending equities outclassed soaring ones on the NYSE by 2065 to 957, while 103 ended up intact.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.