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 futures leap
On Thursday, American futures managed to ascend because the NATO summit in Brussels turned out to be in focus and Donald Trump openly backed the alliance.
The S&P 500 futures jumped by about 0.54% being worth 2,789.00. The Dow futures rallied by 0.72% coming up with an outcome of 24,866.0. Additionally, the tech heavy Nasdaq 100 futures surged by approximately 0.47% trading at 7,287.75.
At the NATO summit, in Brussels, US leader told that America is 100% committed to NATO.
Market participants are monitoring trade tensions between the European Union and America. On Thursday, Donald Trump wrote on Tweeter that all NATO nations need to meet their 2% commitment objective, and the number should hit 4%.
On Thursday, earnings season continues, with Delta Air Lines anticipated to post its second quarter outcomes before the starting bell.
Twitter Inc turned out to be among the top-notch performers in pre-market trading session, soaring about 1.71%. Tesla managed to ascend by 0.68%, while semiconductor Micron Technology Inc edged up by approximately 0.52%.
At the same time Netflix headed south by 0.46%, Helios along with Matheson Analytics Inc declined nearly 11.30% right after it reported a stock public offering.
In the world of economy, inflation data and jobless claims are expected to show up soon. The given data will provide market participants with clues as for the health of the American economy.
In the European Union equities tacked on. In Germany, the DAX managed to add 0.57%. In France, the CAC 40 leapt by 0.64%. The FTSE 100 acquired nearly 0.78%. As for Stoxx 50, it jumped up to 0.35%. Additionally, in Spain, the IBEX 35 surged by 0.11%.
Gold futures stood still sticking with $1,244.40 a troy ounce. Crude futures managed to leap by about 0.80% hitting $70.94 a barrel.
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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.