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 rally, as traders look ahead to economic reports
On Thursday, American futures headed north because market participants looked ahead to a bunch of economic reports.
The S&P 500 futures managed to acquire 0.39% being worth 2,715.50. Dow futures tacked on by 0.38% coming up with 24,227.0. At the same time, tech heavy Nasdaq 100 futures ascended by 0.43% trading at 7,028.00.
Market participants are actually waiting for the GDP data expected to be released soon. Jobless claims are anticipated to be published soon too.
At the same time, trade tensions were still in the back of traders’ minds right after the White House told it’s going to rely on the Committee on Foreign Investment in America have domestic technology protected from foreign investment.
Netflix turned out to be amid the top-notch performers in pre-market trading, soaring by 1.44%. At the same time Tesla managed to edge up by 0.78%, Facebook soared by 0.18%. As for Microsoft, its equities rallied by 0.47%. Additionally, Advanced Micro Devices Inc inched up by 1%.
In addition to this, Tata Motors Limited ADR headed south by 2.35%, Pier 1 Imports Inc went down by approximately 15.67% after its sales tumbled more than anticipated in the first quarter.
Meanwhile, Walgreens Boots Alliance, Nike as well as Accenture PLC are anticipated to uncover their financial outcomes on Thursday.
In the European bloc, equities generally slumped. In Germany, the DAX headed south by 0.73%, in France the CAC 40 dipped by 0.35%, while in London, the FTSE 100 lost 0.01%. The Euro Stoxx 50 edged down by 0.49%. In Spain, the IBEX 35 lost 0.41%.
Gold futures went down by 0.18% being worth $1,253.80 a troy ounce. Crude futures managed to gain by 0.25% trading at $72.94 a barrel. Estimating the US currency’s purchasing power versus six main currencies, the USD index tumbled by 0.17% being worth 94.86.
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 United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?